Social Security update: Direct payment worth $914 arrives Friday

Recipients of the federal Supplemental Security Income program received a second payment in September on Friday, with eligible individual filers receiving a maximum payment of $914.

The irregular payment replaced October’s monthly installment because of a quirk in the Social Security Administration’s calendar, and now filers must wait just over a month for November’s installment. The first September payment was issued on Sept. 1.

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Requirements for the monthly payments include filers needing to be at least 65 and meeting specific financial requirements. People under 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 the beneficiaries receive is determined by several key factors, including the 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, who live with someone receiving SSI and provide them with necessary care, get a lower monthly payment of up to $458.

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 and savings.

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The Supplemental Security Income payments are separate from the regular Social Security retirement checks and can be received in addition to the retirement checks. No Social Security payments will be affected by a government shutdown.

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