Second SSI Payment Increase!
Social Security beneficiaries in the United States received good news in 2023 with an increase of 8.7% in their payments due to the COLA. This increase has also affected Supplemental Security Income (SSI) payments, with some recipients receiving more than $100 extra per payment.
SSI is a monthly payment for retirees over 65 years of age with low income and economic resources, as well as for disabled individuals under 65. To determine eligibility for SSI, individuals can use the Best Tool application provided by the Social Security Administration. Once eligibility is confirmed, applicants can apply for the benefit.
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Recipients of SSI will receive their regular payment on the 1st of March, followed by an additional payment due on the weekend of April 1st. The Social Security Administration does not send checks on weekends, so payments will be made on the preceding business day. To receive payments on the exact payment schedule, individuals can activate Direct Deposit.
The increase in SSI payments is great news for those in need, as the benefit is intended for individuals with low income and resources. Eligible individuals need to claim their SSI payment as soon as possible to ensure they receive the full benefit amount.
In conclusion, with the increase in SSI payments, eligible beneficiaries have the opportunity to receive additional financial support. Using the Best Tool application and activating Direct Deposit can help individuals receive their payments on the exact payment schedule. Claim your Second SSI Payment now to ensure you receive the full benefit amount.
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