Supplemental Security Income Beneficiaries Will Get Two Payment Checks in May

SSI beneficiaries will receive two payments in May due to a scheduling quirk, and the same will happen in August and November. Monthly payments are usually made on the 1st of every month, but beneficiaries may receive two payments in one month if the payment date falls on a holiday or weekend. The SSA advises waiting three additional mailing days if payments are not received on the expected date. For more information or concerns, individuals can contact the SSA at 1-800-772-1213. The maximum monthly payment for 2024 is $943 for individuals and $1,415 for couples. New rules regarding accommodation status and food assistance will come into effect on Sept. 30. Income and asset limits for SSI eligibility are set at $1,971 per month for individuals and $3,000 for married couples. Senators have introduced a bipartisan bill to update asset limits to $10,000 for individuals and $20,000 for couples, with indexing to inflation moving forward. Cassidy emphasized the importance of ensuring that disabled Americans do not have to make a difficult choice between advancing their careers and risking their financial security due to antiquated regulations. The act in question presents a simple solution that promotes employment, enables individuals to build savings, and helps elevate people out of poverty.

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