MILLIONS of Americans will receive final Supplemental Security Income (SSI) worth $841 within a week.
After that deposit on December 1, the monthly SSI amount will be increased in the same month.
Eligible beneficiaries will receive their first check for $841 on December 1.
On December 30, they receive their second check averaging $914.
The second payment on December 30 is an early payment for January 2023 as it reflects the new SSI benefit amount for the new year.
Individuals who typically receive $841 will receive $914 for their additional security income.
Who is eligible for SSI?
The Supplemental Security Income Program provides financial assistance to needy individuals age 65 or older, blind or disabled adults, and blind or disabled children.
Eligibility requirements and federal payment standards are the same.
Anyone can apply for SSI, but not everyone gets the same amount.
You can get more if you live in a state that adds money to the federal SSI payment.
You can get less if you have other income, such as wages, pension or social security benefits.
You may also get less if someone pays for your household expenses or if you live with a spouse and he or she has an income.
SSI amounts for 2023
In December 2022, SSI recipients will receive an increased check to reflect the 8.7 percent cost of living (COLA) adjustment for 2023.
COLA is designed to offset inflation, and depending on how high it is, determines how much people will receive from their Social Security benefits.
Why are people getting two SSI payments in December?
SSI recipients get two December payments because the January 1, 2023 payment falls on a Sunday and it is a holiday.
When that happens, the Social Security Administration (SSA) mails the checks on the nearest business day.
In this case, that day is Friday, December 30.
This happened twice more this year, in April and September. That’s when SSI recipients received two payments in a month.
The US Sun has live blogs on COLA.
Plus, here are the exact dates when Social Security, SSI, and SSDI will be paid each month in 2023.