Feb 24, 2020 · Supplemental Security Income (SSI) is a benefit program managed by the Social Security Administration that provides monthly payments to people who are older, blind or have a disability and face significant financial challenges. About 7.5 million people received SSI benefits in September 2023, including nearly 2.4 million people ages 65 and older.

Oct 10, 2018 · Supplemental Security Income, or SSI, is a federal benefit program administered by the Social Security Administration that provides safety-net financial support for people in need. You may qualify for monthly SSI payments if: you are 65 or older, blind or have a disability; you are a U.S. citizen or lawful resident;

Oct 1, 2024 · “These changes will help more people access crucial SSI benefits,” Social Security Commissioner Martin O’Malley said in a Sept. 30 statement. “By simplifying and expanding our policies, we are making SSI smarter, removing barriers to accessing payments, and reducing the burden on the public and agency staff.”

Jun 8, 2021 · Social Security considers SSDI and other benefit payments to be countable but exempts $20 a month from that tally. Thus, if you get a monthly SSDI benefit that exceeds $987 you don't qualify for SSI. If your SSDI payment is less than that, you may be able to get SSI, but it will be reduced by most of the amount of your SSDI.

Nov 5, 2021 · Supplemental Security Income (SSI) is a safety-net government benefit for people who are older, blind or have a disability and are in financial need. The Social Security Administration (SSA), which administers the program, sets strict limits on how much money SSI beneficiaries can earn and on the level of financial assets, such as savings or ...

Oct 10, 2018 · SSI recipients typically get their benefit on the first of the month. However, the SSA does not make payments on weekends or federal holidays. Because Feb. 1 falls on a Saturday this year, January SSI payments go out on the closest preceding business day — Jan. 31. February payments will be sent Feb. 28 because March 1 is also a Saturday.

Aug 20, 2021 · Under Social Security Administration (SSA) policy, the stimulus payments Congress approved during the coronavirus pandemic do not factor into eligibility for Supplemental Security Income (SSI). That includes the $2.4 billion in unclaimed pandemic relief money the IRS announced in December that it will distribute to approximately 1 million ...

Oct 5, 2022 · This most often occurs with Supplemental Security Income (SSI), an SSA-managed benefit for people with very low income and limited assets who are 65 or older, blind or have a disability. Eligibility and benefit amounts for SSI are subject to a complex set of rules and reporting requirements involving beneficiaries’ finances and living ...

Dec 27, 2024 · Social Security applies the $3,000 resource limit to married couples even if only one is SSI-eligible. Life events that can affect your SSI status, including a change in marital status or your spouse’s income, must be reported to the SSA no later than 10 days after the end of the month in which the change took place.

Jun 11, 2021 · The payments can range from around $10 a month on top of the federal SSI benefit to several hundred dollars more. Some states make all SSI recipients eligible for the additional funds, while others set limits based on living situation — for example, paying supplements only to people in nursing homes or other types of residential care facilities.