...
By Aliss Higham
Reporter
0
Share
Newsweek is a Trust Project member
See more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.
Social Security disability benefits will be paid out to millions of recipients this week.
Supplemental Security Income (SSI) is a federal government benefit that provides monthly payments to adults and children with a disability or blindness and to adults aged 65 and older, with nearly 7.4 million people being paid in June 2024. Often, these payments are intended to boost the income of those who claim retirement benefits that may fall short of providing for basic needs.
SSI payments are most often made on the 1st of the month, and August 2024 is no different. SSI recipients will receive their monthly benefit deposit on Thursday, August 1.
Read More on Personal Finance
More From Newsweek Vault: Checking Account vs. Savings Account: Which is Best for Your Finances?
If you don't receive your benefit amount when expected, the Social Security Administration (SSA) recommends waiting three working days before contacting them to enquire about a missing payment.
Later this month, SSI recipients will get another payment for September slightly earlier than would usually be expected. This is because the usual payment date of September 1 falls on a weekend.
...
"We do this to avoid putting you at a financial disadvantage and make sure that you don't have to wait beyond the first of the month to get your payment," the SSA said in a 2022 blog post. "It does not mean that you are receiving a duplicate payment in the previous month, so you do not need to contact us to report the second payment."
More From Newsweek Vault: Rates Are Still High for These High-Yield Savings Accounts
This means individuals receiving the maximum SSI amount will receive $943 two days earlier, or $1,415 for couples. The average SSI payment made per month is $698, according to a report by CNET.
There has recently been some good news for SSI recipients after the SSA announced it would get rid of obsolete or seldom performed occupations from a list of jobs that could be used to make decisions regarding benefit applications for the Security Disability Insurance (SSDI) and SSI programs.
More than 100 jobs have been dropped from the Dictionary of Occupational Titles, which is used to determine whether a benefit applicant could find another job based on their abilities, which could result in a rejection of benefits on the basis of being determined "not disabled."
Earlier this year, the SSA also announced it is simplifying access to disability benefits by removing food from In-Kind Support and Maintenance calculations.
The SSA said the change means that new applicants and current recipients would need to report less information to the government agency, and that it would reduce month-to-month variability in payment amounts and payment errors. The changes will come into effect on September 30.
View 0 Comments
Submit Correction
View Editorial & AI Guidelines