Social Security update: Direct cash payment worth $914 arrives in four days

Millions of recipients of the federal Supplemental Security Income program will receive a second payment for September in four days, and individual filers could see a maximum payment of $914.

The irregular payment goes out Friday, Sept. 29, and will replace October’s monthly installment because of a kink in the Social Security Administration‘s schedule. The first payment was issued on Sept. 1.

REPUBLICAN DEBATE: EVERYTHING TO KNOW ABOUT THE SECOND GOP DEBATE

In order to qualify for the payment, the filer needs to be at least 65, and he or she must meet specific financial requirements. People under the age of 65 may qualify if they are at least partially blind or have a physical or mental condition that seriously limits their daily activities for at least one year, or is expected to result in death.

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 or savings.

The amount of money the beneficiaries receive depends on several key things, including the filer’s income, living situation, and assets. For those who filed as individuals, the rate for payments is up to $914 per month. Eligible couples can receive up to $1,371 per month. Essential persons, who live with someone receiving SSI and provide them with necessary care, get a lower monthly payment of $458.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

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.

Supplemental security payments are separate from the regular Social Security retirement checks.