Social Security update: February direct payment worth $943 goes out in five days

The first Supplemental Security Income payment of the new year, worth up to $943 for individual filers, will go out to recipients in less than one week.

The payment, which will be the first check of 2024 because of a scheduling quirk in the Social Security Administration’s calendar, will be released Thursday.

To qualify for SSI, a person has to receive limited income and meet one of three other requirements: be 65 or older, totally or partially blind, or have a “physical or mental condition(s) that seriously limits their daily activities for a period of 12 months or more, or may be expected to result in death.”

The maximum amount of money a person receives through the program depends on how a recipient files for the payment. There are three categories when filing: individual, joint, or as an essential person.

This year, individual filers will receive up to $943 each month, eligible couples will receive up to $1,415, and essential persons, those who live with people receiving SSI payments and provide them with necessary care, will get up to $472 each month, according to the SSA.

Not every recipient will receive the maximum payment. Filers can see a personalized estimate through the SSA’s calculator. These amounts are an increase of 3.2% from 2023.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

The SSI program was created in 1974 and seeks to provide extra assistance to vulnerable citizens, including elderly, blind, and disabled people.

The money is distributed on top of regular Social Security benefits, providing monthly payments to adults and children with blindness or another disability and limited income.

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