Social Security: Are You Qualified for Double Payments in March?

Due to its payment calendar, a group of beneficiaries will receive a double payment in March from the Social Security Administration (SSA).

As of January 2023, the SSA has already sent out payments to more than 71 million Americans. According to Diario AS, the SSA said one group of beneficiaries will receive a double payment next month, while another group will receive a triple.

The SSA reportedly sends out so many payments that the agency spreads out depending on the type of benefit, date of birth, and when a beneficiary first signed up for Social Security.

That means it creates a scenario where sometimes certain beneficiaries receive more than one payment in a calendar month, and March will be one of those months as well as June, September, and December.

Will You Qualify for the Social Security Double Benefit in March?

Those who receive both Social Security and Supplemental Support Income receive two payments each month. The SSA sends out the Supplemental Support Income payment on the first day of the month and then the payment for Social Security on the third day of the month.

However, should the first of the month fall on a Saturday, Sunday, or a federal holiday, the supplemental support payment would be moved up to the earliest business day. That would be the case in April as the first day of the month is a Saturday, which means the payment would be moved up to March 31, a Friday.

So people who receive Supplemental Support Income will get double payments for March, and those who also get Social Security payments will receive three payments that month.

Those receiving the Supplemental Support Income payments get an average of $677 as of January 2023. The maximum amount was increased in 2023 to $914 for individuals and $1,371 for couples.

Meanwhile, the average monthly Social Security benefit in January 2023 was $1,961. The amount each person receives depends on several factors, including when the worker started claiming Social Security and their Primary Insurance Amount.

Joe Biden Promises That There Would be No Cuts to Social Security in Florida

Republicans have been floating ideas that they would be cutting Social Security and Medicare, especially in Florida. Florida Republicans like Senator Rick Scott had been planning to cut these popular social security programs with his "11-point plan."

However, according to El Pais, President Joe Biden promised to keep these popular programs during a speech in Florida on Thursday. It comes as a possible re-election campaign for Biden may be announced later this year.

He is also wooing Florida's older voters, who are most affected by the GOP's proposed social security cuts. Biden showed off a pamphlet from Scott that showed that he wants these programs to be sunsetting every five years.

"I know that a lot of Republicans - their dream is to cut Social Security and Medicare... If that's your dream, I'm your nightmare," the president noted.

This article is owned by Latin Post.

Written by: Rick Martin

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