Social Security payments are a crucial source of income for millions of Americans who rely on these benefits to pay for their daily expenses and cover their basic needs. The Social Security Administration has announced that the first round of Social Security payments for February will be rolling out this week, and they will include the 2023 cost-of-living adjustments (COLA). The COLA increase will boost these benefits by 8.7%.
Eligibility for these payments is based on a variety of factors, including the length of time a person has been a Social Security recipient and their date of birth. The schedules for the February payments are as follows: SSI payments will begin on February 1, payments for those with birthdays between the first and 10th of the month will start on February 3, payments for those with birthdays between the 11th and 20th of the month will start on February 15, and payments for those with birthdays between the 21st and 31st of the month will start on February 22.
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It’s important to note that if you have not received your payment and believe you should have, you should wait three additional mailing days before reaching out to the Social Security Administration. If you still have not received your payment after this time, you can call 800-772-1213 to speak with a representative. Waiting times for calls are typically shorter during weekdays from 4 p.m. to 7 p.m.
The Social Security payments for February are an important source of income for millions of Americans and include the 2023 cost-of-living adjustments. The schedule for these payments is based on a person’s date of birth and eligibility for Social Security benefits. If you have not received your payment and believe you should have, you can contact the Social Security Administration for assistance.
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