The Supplemental Security Income (SSI) payment for the month of October, which is for an amount of up to $943, will be delivered to many people living with some disabilities in just 15 days. SSI payments for October are distributed on October 1 and are given to people with disabilities that affect their ability to earn income, according to the Social Security Administration (SSA).
To apply for these benefits, applicants must be at least partially blind or have a “physical or mental condition that seriously limits their daily activities for at least 12 months, or that could result in death” to be eligible. Individual applicants can receive up to $943 per month, couples applying together can get up to $1,415, and essential individuals, who provide care and support to SSI recipients, can receive up to $472. Due to inflation, these payments have increased 3.2% since last year.
What is the Supplemental Security Income (SSI) in the USA?
SSI payments and regular Social Security benefits are separate. Receiving Social Security payments does not automatically qualify you to receive SSI payments and vice versa. Recipients can use the SSA calculator to calculate their total payment.
Supplemental Security Income (SSI) is a federal program that provides monthly payments to people with limited income and resources. It is aimed at people aged 65 and over, as well as people of any age who are blind or disabled, including children. To receive SSI, you must meet one of these requirements:
- Be 65 years old or older.
- Being totally or partially blind.
- Have a medical condition that prevents work and is expected to last at least one year or cause death.
How Much Can You Receive if You Qualify for SSI?
The base monthly SSI amount in 2024 is consistent across the country. The quantities are:
- $943 for a single person.
- $1,415 for a couple.
Not all beneficiaries receive the same amount. Some may receive more if they live in a state that adds funds to the federal SSI payment. Additionally, you may receive a smaller amount if you or your family have other income. Where and the people you live with also influence the amount of your SSI payment.
To qualify for SSI, money you earn, Social Security benefits, pensions, and the value of things you receive from another person are considered income. The location of your residence affects the amount of income allowed to continue receiving SSI payments.
Each state sets its own rules. As for your possessions, you may qualify for SSI if your resources do not exceed $2,000 for an individual or $3,000 for a cohabiting married couple. Not all of your belongings are considered when evaluating your eligibility for SSI. For example, your home is not counted if you own and live in it, and your vehicle generally is not counted either. However, cash, bank accounts, stocks, and bonds are taken into account.
