Social Security update: Direct payment worth $914 arrives in one day

Social Security update: Direct payment worth $914 arrives in one day

September 28, 2023 06:00 AM

Recipients of the federal Supplemental Security Income program will receive a rare second payment for September on Friday, and individual filers could receive a maximum payment of $914.

The irregular payment will replace October’s monthly installment because of a kink in the Social Security Administration’s calendar. The first payment for September was issued on Sept. 1.

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Filers need to be at least 65 and meet specific financial requirements in order to qualify for the payment. People under the age of 65 may qualify 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.

The amount of money beneficiaries receive is determined by several key factors, including a filer’s income, living situation, and assets. Individual filers, for example, receive a maximum payment of $914 per month. Eligible couples can receive up to $1,371 per month, and 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 can 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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The SSI payments are separate from the regular Social Security retirement checks, and they can be received in addition to the retirement checks. These payments will not be affected by a government shutdown.

The payments were first issued by the Social Security Administration in January 1974, and payment rates have increased for cost of living adjustments since 1975, according to the agency.

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