The first SSI payment of up to $841 will be made starting on September 1st. And the second will arrive by the end of September. September is one of only two months that give recipients two payments, the other being December. According to the Social Security Administration, in some months, SSI benefits are paid both on the first of the month and the last Friday of the month, with no payment on the 1st of the next month because it falls on a Sunday. For 2022, this is true for April, September, and December, meaning there was no payment on May 1st and there won’t be one on October 1st or January 1st, 2023.
SSI provides monthly payments to adults and children with disabilities or blindness who have income and resources below financial limits. SSI payments are also made to people aged 65 and older who meet financial qualifications. Eligible individuals can receive $841 per month, or $10,092 per year. Eligible couples can receive $1,261 per month, or $15,136 per year. Someone deemed an “essential person,” meaning they live with an SSI recipient and provides them with basic care, are eligible for $421 per month, or $5,057 per year.
Now that covers SSI payments… so what about the Social Security payment schedule for 2022? Here is the August Social Security schedule: If your birth date is on the 1st-10th of the month, your payment is distributed on Wednesday, August 10th. If your birth date is on the 11th-20th, your payment is distributed on Wednesday, August 17th. If your birth date is on the 21st-31st, your payment is distributed on Wednesday August 24th. If Social Security checks aren’t enough to cover basic living expenses, you may also qualify for Supplemental Security Income. The SSI program sends monthly payments to adults and children with a disability (or partial or complete blindness) that prevents the ability to work. Recipients of SSI must still meet financial qualifications.
SSI is also available to those 65 years and older who have limited income and financial resources. If you received Social Security before May 1997, or if you’re receiving both Social Security and SSI, then you will receive Social Security on August 3rd and SSI on August 1st. If you don’t receive your payment on your scheduled date, the Social Security Administration says to allow three additional mailing days before contacting the agency. The average Social Security check amount for all beneficiaries as of June 2022 is about $1,542, while SSI recipients receive about $623 per month. The latest estimates reveal that the COLA for 2023 could be as high as 10.5% due to inflation rates. A 10.5% COLA would mean a $175.10 increase to the average monthly retirement benefit, according to The Senior Citizens League. However, more recent reports push the COLA estimate into the 11% range.