Social Security update: Direct payment worth $914 arrives in three weeks

September 08, 2023 06:30 AM

An unusual second payment for the month of September, worth up to $914 for individual filers, will go out to Supplemental Security Income recipients in three weeks.

The second payment will go out on Friday, Sept. 29, and it will replace the payment for October. It falls nearly a month after the first payment, which went out on Sept. 1. The double payment is because of a scheduling quirk in the Social Security Administration’s calendar that gives recipients two payments in one month if the first of the following month falls on a weekend.

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Recipients usually receive one check each month, but there are four months that beneficiaries get two checks this year: March, June, September, and December. This is because the first of the month is on a weekend in April, July, and October and Jan. 1 is always a holiday.

In the rare instances that there are two payments in a month, the second typically falls on the last business day of the month. In the case of October, the first is on a Sunday, so October’s payment will go out on Sept. 29 instead of Sept. 30 because Sept. 30 is a Saturday.

The payment amount for beneficiaries varies depending on how people file for the benefits. For those who filed as individuals, the rate for payments is up to $914 per month. The rate for eligible couples is up to $1,371 per month. Eligible essential persons, those who live with someone receiving SSI and provide them with necessary care, get a monthly payment of $458.

In order to qualify for the Supplemental Security Income program, a person needs to be 65 or over and meet specific financial requirements. People under the age of 65 could also qualify if they are at least partially blind or have a physical or mental condition that limits their daily activities for at least one year or if the condition is expected to result in death.

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Children can also qualify for SSI payments if they are at least partially blind or have a physical or mental condition that limits their daily activities for at least a year and their parents or legal guardians have limited income or savings.

These 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.

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