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

Recipients of the federal Supplemental Security Income program will receive a rare second payment for September in just five days when individual filers could see a maximum payment of $914.

The uncommon payment goes out Friday, Sept. 29, and will replace October’s monthly installment because of a quirk in the Social Security Administration’s calendar. The first payment of the month was issued on the first of the month.

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In order to qualify for the payment, a 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 factors, 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.

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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.

The supplemental security income payments are separate from regular Social Security retirement payments.