Those who receive the benefits of the Supplemental Security Income program will be those who first obtain the COLA increase approved for 2023
Supplemental Security Income (SSI) benefits are given to older adults with limited resources, but also to adults, children, and youth who are disabled or blind.
The Social Security Administration (SSA) is responsible for providing them to people, who receive a payment on a monthly basis, which generally occurs on the first business day of each month.
SSI payments are also paid to people age 65 and older who do not have a disability and who meet previously established financial requirements.
According to the SSA website, you may be eligible to receive monthly SSI payments even if you are already receiving Social Security Disability or retirement benefits.
This is a federal program that is funded by general tax revenue, which is not Social Security taxes. Through this budget it is possible to deliver monthly payments to the beneficiaries so that they can help cover basic needs of food, clothing and even housing.
The monthly amount that is granted will depend on your home and the countable income of each person. With this we want to clarify that not everyone receives the same amount of benefit. According to SSA, you may receive more if you live in a state that adds money to your federal SSI payment, but you may also receive less if you have other income, such as wages, a pension, or Social Security retirement benefits. Social.
You may also receive less if someone else pays your household expenses or if you live with a spouse and he or she has income.
The income limits established by the SSA for this 2022 are: when your resources are worth less than $2,000 dollars or when, if you live with a partner, your resources are worth less than $3,000 dollars.
What days will SSI payments arrive in 2023?
The SSI payment schedule for 2023 is as follows:
-December 30, 2022 instead of January 1, 2023
Some payments are doubled in a month, since they are advanced before the passage of a federal holiday.