There are just three more weeks until March’s Supplemental Security Income payment, worth up to $943 for individual filers, goes out to millions of recipients.
The payment will go out on March 1 and mark the second paycheck for 2024. No payments went out in January because of a scheduling quirk in the Social Security Administration’s calendar.
The maximum amount each person can receive through this program depends on how each recipient filed for the payment.
There are three categories recipients can choose from when filing for the payments: individual, joint, or essential person. The essential person category is for those who live with people receiving SSI payments and provide them with necessary care.
Individual filers can receive up to $943 each month, eligible couples can receive up to $1,415, and essential persons get up to $472 each month, according to the SSA. Those amounts are a 3.2% increase from 2023 due to inflation.
Not every recipient will receive the maximum payment. Filers can see a personalized estimate through the SSA’s calculator.
To qualify for SSI, a person has to be at least 65, be totally or partially blind, or have a “medical condition that keeps you from working and is expected to last at least one year or result in death.”
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The payments are sent on top of regular Social Security benefits, providing monthly payments to adults and children with blindness or another disability and limited income.
The SSI program was created in 1974 and seeks to provide extra assistance to vulnerable Americans, including elderly, blind, and disabled people.
