Supplemental Security Income beneficiaries are set to receive the first of two payments in the month of March, each worth $914, in 18 days.
The $914 amount will be for individual recipients. The rate for eligible couples will be $1,371. Essential persons, people who live with someone receiving SSI and provide necessary care for them, will receive payments of $458, according to the Social Security Administration’s schedule.
TAX REFUND 2023: DIRECT DEPOSIT IS THE BEST WAY TO GET YOUR PAYMENT THIS YEAR, IRS SAYS
The first of these double payments will be sent out to eligible recipients on March 1. The second one will be delivered on March 31 for those same recipients. The second SSI payment will serve as April’s payment because April 1 is a Saturday this year. The SSA issues early payments to recipients when the first of a month falls on a holiday or a weekend.
The SSA issues monthly SSI checks on the last business day of months prior to months that begin on a weekend or holiday to ensure recipients have the check by the first of the month, according to the agency. This policy results in recipients receiving two checks in the same calendar month multiple times a year, with beneficiaries receiving a total of 12 checks per year.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
In 2023, there are three other months in which two payments will be delivered: June, September, and December. This is because the first of the month falls on a weekend in July, October, and January.
SSI payments were first issued by the Social Security Administration in January 1974. Payment rates have increased for cost-of-living adjustments since 1975, according to the agency.
