Supplemental Security Income beneficiaries will receive their next monthly payment in 10 days, and they will be worth up to $914 for individual filers.
The November disbursement will be sent out on the first of the month, and it will be the first Supplemental Security Income payment since the end of September. October’s payment went out in September because of a kink in the Social Security Administration’s schedule that saw two payments in September.
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Recipients need to be at least 65 and meet certain financial requirements in order to qualify for the installments. Some people under the age of 65 could qualify for the payments if they are at least partially blind or have a physical or mental disability that severely limits their daily activities for at least one year or is expected to result in death, according to the SSA.
The amount of money that each beneficiary receives is determined by several important factors, which include the filer’s income, living situation, and assets.
Couples who file jointly can also receive payments, which are worth up to $1,371 each month. Essential persons, those who live with someone receiving SSI and provide them with necessary care, get a lower monthly payment of up to $458.
Children could also be eligible for SSI payments if they are at least partially blind or have a physical or mental condition that seriously limits their activities for at least a year. Children could also receive SSI if their parents do not receive SSI benefits or if they have limited income and savings.
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Not every recipient will receive the maximum payment, so filers should check how much they can expect through the SSA’s calculator.
The monthly amount of each benefit is expected to rise by 3.2% in 2024, according to the SSA. It will also rise by the same rate for regular retirement payments, which are separate from SSI payments. Regular retirement payments can be received in addition to Supplemental Security Income.
