Beneficiaries of Supplemental Security Income (SSI) payments will get their next benefits at the beginning of the next month.
The payment, due on February 1, will provide recipients with $914.
SSI Payments 2023
Additionally, SSI-eligible couples and essential persons will get a second December payment on December 30. An important person is someone who lives with an SSI recipient and provides necessary care. According to the Social Security Administration, couples will receive $1,371 and essential persons would receive $458.
January is not a payment month for SSI recipients because they will receive two payments in December 2022. Due to the observance of a holiday on January 1, the final SSI payment was issued on December 30.
The December 30 payment of $914 was slightly greater than the December 1 payment due to an SSA cost-of-living increase.
The adjustment increased recipient payments by 8.7%, making it the greatest cost-of-living adjustment was given by the Social Security Administration since the 11.2% rise in 1981.
12 SSI payments are made annually to ensure that participants receive one payment per month.
When the first day of the month falls on a weekend or a holiday, such as in January, payments are made on the final working day of the preceding month.
The Social Security Administration will give double payments to claimants in the months of March, June, September, and December in 2023 due to the following months beginning on a weekend or a holiday.
Read more: Social Security 2023: You should have received an 8.7% increase today!
Who’s Eligible?
The Social Security Administration (SSA) administers SSI, which is designed to assist low-income disabled adults over the age of 65 with disabilities. The eligibility requirements are based on your annual income and assets.
Individuals may not hold more than $2,000 in assets, whereas couples may have up to $3,000. The program provides funding for essentials including food, clothing, and lodging.
In 2023, the maximum monthly federal benefit for an eligible individual is $914. Up to $1,371 is available to qualified couples, while $458 is available to eligible singles.
