March Social Security Payment
The Social Security Administration is now starting to issue March Social Security Payment to thousands of eligible recipients.
For the year 2023, the maximum monthly amount for an eligible individual is $914, $1,371 for an eligible couple, and $458 for an essential person. The amount changes based on annual cost-of-living adjustments (COLAs), which are tied to inflation. SSI payments are separate from regular Social Security retirement or disability benefits, Tododisca reported. While those benefits are based on your work history and earnings, SSI payments are based solely on financial need.
However, not all retirees who receive Social Security benefits are eligible for SSI payments.
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Who is eligible for the March Social Security Payment?
To be able to receive the SSI payment, you must meet the SSA’s criteria:
- must be 65 years or older
- disabled, blind, or a child with a disability
- must have low income and resources
If you are unsure if you are eligible for the March Social Security Payment, you can use Social Security’s Best Tool application to check your eligibility. By filling out the form on their website, you can quickly find out if you qualify for this benefit.
If you do receive an SSI payment, it’s important to budget it wisely to ensure that it lasts throughout the month. While the March Social Security Payment amount varies depending on your income and resources, the maximum payment for an individual is $794 per month, while couples can receive up to $1,191 per month.
In conclusion, if you meet the eligibility requirements for the March Social Security Payment, it’s important to take advantage of this benefit to help cover your basic living expenses.
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