If you qualify for Supplemental Security Income (SSI), you should keep an eye on your bank account for the latest updates from the Social Security Administration (SSA). As of July 1st, 2024, the SSA has announced a new SSI payment of over $1,400.
The SSI program has been helping millions of Americans since 1935, providing support to low-income elderly, blind, and disabled individuals who haven’t paid Social Security taxes.
This article will explain the eligibility requirements, payment dates, and amounts for SSI, so you can stay informed.
SSI Payment Eligibility Requirements for 2024
To qualify for SSI, you must meet specific income and resource limits. For individuals, the limit is $2,000, and for couples, it’s $3,000. Disabled applicants need to show proof of a severe physical or mental disability expected to last over 12 months or result in death.
You will need to provide medical documentation as requested by the SSA. Low-income seniors must prove that they can’t find meaningful work, even if jobs are available nearby.
Your monthly income can affect your SSI payment. For every $2 you earn from work, your payment decreases by about $1. Income from other sources, such as disability benefits, unemployment, and pensions, also reduces your SSI payment by around $1.
Living with a spouse or children on SSI can impact your payment amount. Incorrect applications will be rejected if your income or assets exceed the eligibility limits.
SSI Payment Dates Confirmed by Social Security
Typically, the SSI program provides one payment per month. However, after the double SSI payment in May, the same change will occur in August and November. Here are the confirmed payment dates for the rest of 2024:
- July: Monday, July 1st
- August: Thursday, August 1st
- August (September): Friday, August 30th
- October: Tuesday, October 1st
- November: Friday, November 1st
- November (December): Friday, November 29th
Maximum SSI Payment in July
The amount you receive depends on your eligibility category. For individuals, the maximum payment is $943 per month, while couples can receive up to $1,415. Additionally, if you meet the “essential person” (EP) criteria,
you could receive an extra $472 per month. An essential person is someone who has lived with a qualifying individual since December 1973 and is not eligible for state or SSI benefits.
Essential persons can be temporarily absent from the home, as long as they return with the intent to stay and are likely to return within 90 days. If a dependent becomes eligible for SSI benefits, they are considered an essential person.
Understanding SSI and its requirements can help you navigate the application process and make the most of the financial support available. With the upcoming payment dates and potential for maximum SSI payments, staying informed about the program’s details will ensure you get the assistance you need.
1. What is the SSI program?
The SSI program helps low-income elderly, blind, and disabled individuals who haven’t paid Social Security taxes.
2. What are the income limits for SSI eligibility?
For individuals, the limit is $2,000. For couples, it’s $3,000.
3. How do my earnings affect my SSI payment?
For every $2 you earn from work, your SSI payment decreases by about $1.
4. What are the SSI payment dates for 2024?
Payments are made on the 1st of each month, with additional payments on August 30th and November 29th.
5. Who qualifies as an essential person for SSI?
An essential person is someone who has lived with a qualifying individual since December 1973 and wasn’t eligible for state or SSI benefits.
