The first Supplemental Security Income payment of 2023 is set to go out to recipients on Feb. 1.
SSI payments from the Social Security Administration, which will be worth $914 this year, are intended to help aged, blind, and disabled people who have little or no income of their own. The money allows them to afford basic everyday items and goods, including food and shelter, according to the SSA.
Eligible couples for SSI and essential persons, meaning someone who lives with a person receiving SSI and provides necessary care, will also receive a payment from the SSA on Feb. 1. Couples will receive $1,371, while essential persons will get $458, according to the administration.
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SSI recipients will receive their payment on Feb. 1 because they received two payments in December, one on Dec. 1 and the second on Dec. 30. The latter served as the SSI payment for January.
SSI payments are almost always given to recipients on the first of the month, and 12 payments are issued by the SSA every year. However, when the first day of a month occurs on a weekend or holiday, the payments for that day are given on the last business day of the previous month. That was the case with the Dec. 30 payment.
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This year, the SSA will issue double payments to recipients in March, June, September, and December because the first day of the following month will either be a weekend or holiday, according to the SSA’s 2023 schedule.
The 2023 SSI payments will be slightly higher than in 2022 due to a cost-of-living adjustment the SSA made. The payment issued to recipients in 2022 was $841. This year’s payment is 8.7% higher to reflect the adjustment
