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

Millions of Supplemental Security Income beneficiaries will receive their rare second payment in September in just under one week, and individual filers could see a maximum payment of $914.

The second payment of the month goes out on Friday, Sept. 29, and will replace October’s monthly payment because of a small kink in the Social Security Administration’s calendar. The first payment for September was issued on the first of the month.

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The amount beneficiaries receive depends on various factors, including the filer’s income, living situation, assets, and other criteria. For people who filed as individuals, the highest rate for payments is $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 monthly payment of $458.

To be eligible, a person needs to be 65 or over, and he or she must meet specific financial requirements. People under the age of 65 may qualify if they are 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.

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Two SSI checks will be sent during March, June, September, and December in 2023.

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.