Although many Americans receive Social Security checks, not everyone benefits greatly from them. Knowing about all the additional advantages we can apply for to receive additional money each month on top of our regular salary is therefore beneficial.
For roughly $967 each month, those who qualify can opt to get a check. Yes, we won’t usually receive such a large check because this is the maximum amount that can be paid. Regardless of the final number, we can receive a check that increases our Social Security income.
Requirements for an extra check of $967 per month
This check will never exceed $967 per month after January 2025 because of the COLA. The payment has fluctuated annually due to the cost of living increase, with the highest amount in 2024 being $943. However, that is the maximum amount that may be paid, and at least not for specific recipients, more cannot be obtained.
Supplemental Security Income (SSI) is this additional assistance, which you are eligible for if you fulfill the following criteria:
- Being 65 years of age or older. It is also possible to have this benefit if you have a disability regardless of age.
- Have low monthly income and low resources.
Both requirements must be fulfilled and demonstrated. It is best to have the required documentation on hand for this. We will need to provide documentation of our monthly income as well as any additional funds we receive from other sources if we are granted the benefit.
We may eventually cease receiving SSI checks, but it is true that we will begin receiving them as soon as we do. We won’t receive this additional money each month once we lose our eligibility since Social Security will no longer pay us the check.
Although it occasionally occurs earlier, the payment for this benefit is typically made on the first of each month. The Social Security Administration sends a cheque the business day before to the first of the month if it falls on a holiday or weekend.
Also Read: How to receive two Social Security benefits in January 2025: One payment of $5,180 and another for $967
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Eliot Pierce is a dedicated writer for ChiefsFocus.com, covering local crime and finance news. With a keen eye for detail and a passion for storytelling, Eliot aims to provide his readers with clear and insightful analysis, helping them navigate the complexities of their financial lives while staying informed about important local events. His commitment to delivering accurate and engaging content makes him a valuable resource for the community.