SSI Payments Schedule: When Can You Get Your Next Payments After October?
The SSI payments schedule has a staggered scheme for distributing the benefits. Supplemental Security Income payments are usually given to people aged 65 and older without disabilities and who meet the financial qualifications.
Social Security Administration oversees the SSI payments schedule. Interested applicants can file their applications by phone or through the SSA's website.
Disability Secrets noted that the SSI payments are distributed on the first day of the month. However, if it falls on a weekend or legal holiday, the payments will be deposited on the banking day before.
The payment that comes on the first month is actually the SSI payments due from the prior month. For instance, an SSI payment you would receive in March would actually be for the SSI benefits from February.
SSI Payments Schedule
The SSI Payments schedule for October is not listed, as recipients normally do not get a payment in October. The payments are instead being disbursed in September due to an oddity in the system, according to a MARCA News report.
Recipients can instead wait for the SSI payments schedule for November and SSI payments schedule for December.
The SSI payment schedule for the rest of 2022 is November 1, December 1, and December 30.
However, if you are receiving SSI and SSDI payments at the same time, your Social Security Disability Insurance payment date will be on the third day of the month, and your SSI payment will be on the first day of the month.
If you have not received your check or deposit by the fourth banking day of the month, SSA recommends calling them to look at the issue.
SSI Payments and SSDI Payments
AARP noted that recipients can both receive SSDI and SSI at the same time, with the Social Security using the term "concurrent" once they qualify for both disability benefits.
However, SSDI benefits can reduce your SSI payment or make you ineligible for one due to the difference between the programs' intent and eligibility requirements.
SSDI provides payments to disabled people regardless of their financial situation. The qualification depends on how long you were employed in work for which you paid Social Security taxes. In addition, the payment depends on your average lifetime earnings.
Meanwhile, SSI pays benefits to people who are disabled, blind, or at least 65 years old and have low incomes and limited financial resources. SSI is also unrelated to the recipients' employment history. Eligible applicants can still receive SSI despite never having worked or paid Social Security taxes.
However, you cannot receive SSI if Social Security deems you exceed a federally set threshold for income, which is $841 a month in 2022 for individuals and $1,261 for couples.
SSDI recipients are eligible for Medicare, but the coverage does not start until they have received the benefits for 24 months.
SSI beneficiaries automatically qualify for Medicaid in most states.
READ MORE: SNAP Benefits 2022 Update: $301.8 Million Texas Payments Confirmed for July 2022
This article is owned by Latin Post.
Written by: Mary Webber
WATCH: Social Security recipients may see cost-of-living boost in 2022 - from CBS News
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