Social Security update: Direct payment worth $914 arrives in 26 days

Federal Supplemental Security Income program recipients will receive their payment for November in 26 days, and individual filers could receive up to $914.

The November disbursement will be sent on Wednesday, Nov. 1, more than a month after the last check was sent out. The large gap in payments is because of a kink in the Social Security Administration’s calendar, which issued two checks in September. The second September payment was on Sept. 29.

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There are certain criteria recipients must meet to qualify for the payments, including being at least 65 years old and meeting specific financial requirements. Some people under 65 could 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.

It is also possible for children to be eligible for the 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.

The amount of money each beneficiary receives is determined by several crucial factors, including the filer’s income, living expenses, and assets. Individual filers, for example, receive a maximum payment of $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 up to $458.

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The supplemental security payments are separate from the regular Social Security retirement checks and can be received in addition to the retirement checks.

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.