Great news is on the horizon for Americans receiving Supplemental Security Income (SSI) checks! The Social Security Administration (SSA) has announced that many beneficiaries will see an increase in their payments in the coming months.
This financial support is essential for low-income seniors, disabled individuals, and certain children, providing them with much-needed assistance.
What is SSI?
Supplemental Security Income (SSI) is a program designed to help individuals who have limited income and resources. It is especially aimed at supporting those over 65 years old, people with disabilities, and children in financial need.
The goal of the program is to provide monthly payments that help cover basic living expenses.
The New Payment Increase
According to the SSA, a whopping $1,100,000 will be distributed among eligible SSI beneficiaries over the next three to six months. This increase comes as a relief for many who rely on these payments to make ends meet.
Who Will Benefit from the Increase?
Only a limited number of beneficiaries will be eligible for this increase. Specifically, 400 individuals who are unable to work due to terminal illnesses will receive these additional funds. Some of the qualifying conditions include:
- Chronic heart failure
- Kidney disease
- Leukemia
- Various types of cancer
This payment increase aims to help those who have received insufficient payments during the time it took for their SSI applications to be approved. For eligible beneficiaries, the increase will be reflected in monthly benefit payments, which cannot exceed $943 in 2024.
Regular SSI Payment Details
Even if you do not qualify for the increase, rest assured that you will continue receiving your regular payments. SSI checks are delivered monthly, typically on the first day of the month. However, if the first day falls on a weekend, payments will be made on the previous business day.
Must Read: Is a Higher COLA for Social Security in 2025 Impossible? Here’s What to Expect?
Upcoming Payment Schedule
Here’s a quick overview of the upcoming SSI payment dates for 2024:
| Month | Payment Date | Advanced Payment |
|---|---|---|
| August | August 1st | August 30th (September 1st) |
| September | – | – |
| October | October 1st | – |
| November | November 1st | November 29th (December 1st) |
| December | – | December 31st (January 1st) |
As shown in the table, beneficiaries did not receive checks in September because the first day fell on a weekend. Instead, payments were made on August 30th. A similar situation will occur in December.
Applying for SSI Checks Online
In exciting news, the SSA is expanding its online application process for SSI checks. By the end of 2025, applicants will be able to complete the entire process digitally. Currently, individuals can start the application online by providing basic information. An SSA representative will follow up to complete the process.
The first phase of this online application plan is expected to roll out by the end of 2024, allowing applicants to submit a simplified SSI application through a new system called iClaim. By late 2025 or early 2026, all SSI applicants will have access to the iSSI option, making it easier to apply for benefits.
Must Read: Get Ready: U.S. Government Announces New SSI Payment Increase Starting October 2024!
Summary
The upcoming increases in SSI payments are great news for those who depend on these funds for their livelihood. Whether you qualify for the additional funds or not, you can continue to rely on your regular payments each month.
Make sure to stay updated on your payment schedule and the new application process by accessing your My Social Security Account for more information.
In these challenging times, any increase in benefits can significantly impact the lives of many Americans. Keep an eye out for the changes coming soon!
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.