In July, the Social Security Administration (SSA) will issue a double payment in the first week. This special payment will benefit those enrolled in the Supplemental Security Income (SSI) and Retirement,
Survivor, and Disability Insurance (RSDI) programs. This guide will explain who will receive these payments, how much they can expect, and other important details.
Who Will Receive the Double Payment?
The double payment in July will be given to beneficiaries of two main programs:
Supplemental Security Income (SSI)
SSI helps low-income seniors, disabled individuals, and children. To qualify, individuals need to meet certain criteria:
- Income: Determines if they are eligible based on their financial situation.
- Resources: Includes assets like money and property, but some items are not counted.
- Demographics: Must be 65 or older, or be disabled if younger.
Retirement Benefits
Retirement benefits depend on when you start collecting them:
- Early Collection (Age 62): Receivers get 70% of their eligible amount.
- Full Retirement Age: Varies between 66 and 67, providing 100% of the benefit.
- Delayed Retirement (Age 70): Increases the benefit to around 124% of the eligible amount.
Survivor Benefits
These are for family members of deceased workers.
Disability Benefits
Disability benefits are for those who cannot work due to a severe and long-term disability:
- Eligibility: Same amount as full retirement age benefits.
- Additional Support: Minor children and spouses may receive extra benefits.
- Work Credits: Need 20 quarters of coverage in the last 40 quarters to qualify.
July Payment Schedule
Here’s when the payments will be issued:
- July 1st: Regular payment for eligible SSI recipients.
- July 3rd: Payment for retired workers who claimed benefits before May 1997.
For RSDI beneficiaries who started collecting benefits after May 1997:
- July 10th: Birthdates between the 1st and 10th.
- July 17th: Birthdates between the 11th and 20th.
- July 24th: Birthdates between the 21st and 31st.
How Much Money Will Recipients Get?
Here’s a general idea of the payments:
- Retirement Benefits: $1,900 on average
- Survivor Benefits: $1,505 on average
- Disability Benefits: $1,537 on average
- SSI Benefits: $698 on average
Specific amounts include:
- Retirement at Age 62: $2,710
- Full Retirement Age: $3,822
- Retirement at Age 70: $4,873
- Survivor Benefits for Two Children: $3,653
- Blind Recipients: $2,590
- SSI for Couples: $1,415
The July double payment from the SSA is an important event for many beneficiaries. Knowing the payment schedules, eligibility requirements, and expected amounts helps recipients plan their finances better. Staying informed ensures that beneficiaries can make the most of their Social Security benefits.
1. What is a double payment from SSA?
A double payment is when the SSA gives two payments in one month instead of one. This happens occasionally and is planned for the first week of July.
2. Who gets the double payment in July?
Beneficiaries of SSI and RSDI programs will receive the double payment.
3. How can I find out my payment date?
Check the SSA’s schedule or your benefits statement to find your specific payment date based on your birthdate or eligibility.
4. How much will I receive in the double payment?
The amount depends on your benefit type and situation. For example, retirement benefits average around $1,900.
5. When will the July payments be issued?
SSI payments are on July 1st, while RSDI payments follow specific dates in July based on birthdates.
