March 2023 Social Security Benefit Payments Schedule
Beneficiaries can expect bigger benefit checks this March 2023 Social Security Benefit Payments release, thanks to the 8.7% cost-of-living adjustment (COLA) for 2023.
The March 2023 Social Security benefit payments are distributed according to a monthly schedule, with the second, third, and fourth Wednesdays of each month being the distribution dates.
Here’s when you should receive your March 2023 Social Security Benefit Payments:
- those born between the 1st and the 10th of the month will receive their payments on March 8th
- those born between the 11th and the 20th will receive their payments on March 15th
- those born between the 21st and the 31st will receive their payments on March 22nd.
However, delays in the release of March 2023 Social Security Benefit Payments can occur in certain circumstances, such as if you have recently updated your bank information or changed your address.
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If you do not receive your payment on the expected date, the Social Security Administration (SSA) advises allowing three additional mailing days before contacting them. You can reach the SSA at 1-800-772-1213 on weekdays between 8 a.m. and 7 p.m. Individuals with hearing impairments can contact the SSA’s TTY line at 1-800-325-0778.
Seniors who struggle to cover their basic living expenses may also qualify for Supplemental Security Income (SSI). This program sends monthly payments to adults and children with a disability, partial or complete blindness, or limited income and financial resources.
In addition, Democratic Senator Bernie Sanders has reintroduced a bill called The Social Security Expansion Act, which would provide an additional $200 to current Social Security recipients or anyone who turns 62 in 2023. Over 50 organizations have endorsed the bill, which aims to ease the financial burden on the country’s most vulnerable citizens, GoBanking Rates reported.
In conclusion, Social Security beneficiaries can expect their March 2023 Social Security benefit payments to arrive on the second, third, or fourth Wednesday of the month, depending on their birth date. However, delays can occur in certain circumstances, and seniors who struggle to cover their basic living expenses may qualify for additional assistance through the SSI program.
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