Major Changes to SSI Benefits Set for October Key Social Security Updates to Know
The Social Security Administration has a significant goal: increase SSI payments while minimizing the burden of SSA agents. In this approach, both candidates and employees will profit from the upcoming adjustments in October.
The agency has previously announced plans to simplify SSI applications, which will benefit low-income applicants. Furthermore, the Social Security Administration has streamlined the Disability Evaluation Process by lowering the number of years of previous labor required when applying.
Upcoming SSI Changes Simplify Applications for Low-Income Americans Starting October 2024
SSA’s final rule, which goes into effect on September 30, 2024, will broaden the definition of a public assistance household. It will then cover households that receive SNAP payments, the former Food Stamps program.
In addition, certain homes in which not all family members receive public assistance will be included. In this way, more Americans will qualify for Supplemental Security Income. Some payment amounts will rise as a result of this adjustment.
Needless to say, these adjustments will minimize the workload of Social Security employees. Another significant development is the expansion of the Supplemental Security Income Rental Subsidy Policy. So yet, it is only available in seven states. As a result, payment amounts and eligibility may increase.
Social Security will eliminate barriers to getting SSI payments
This is another measure that will take effect on September 30, 2024. In reality, the government will no longer consider food when calculating In-kind Support and Maintenance.
This means that if you receive free meals regularly from your local community, a charity, family, or friends, you may be eligible for a payment reduction. By modifying this rule, you may be able to receive additional funds from this federal program.
Undoubtedly, it removes a significant obstacle for millions of low-income users and applicants. This rule has the potential to vary the monthly payment amount, which is concerning if you are on a tight budget.
Understanding New SSI Rule Changes: What Recipients Should Know
Food aid will no longer be classified as income, reducing an individual’s SSI payout. The Social Security Administration will no longer include food in its “in-kind support and maintenance” (ISM) calculations. This removes a barrier to SSI eligibility caused by receiving informal food help from friends, family, and the community.
The definition of “public assistance household” has been broadened. Previously, all household members had to be on public assistance for the household to qualify. A household now qualifies if it includes both an SSI applicant/recipient and at least one other person receiving a means-tested public income maintenance payment, such as SNAP. This enables more people to qualify for SSI and possibly earn a greater payment.
The SSI rental subsidy exception, which is presently only available in seven states, will be implemented nationwide. If an SSI beneficiary pays rent equal to or greater than the “Presumed Maximum Value”, the SSA will treat it as a business agreement and will not cut the SSI income. This reduces the likelihood that rental assistance will affect SSI eligibility or payment levels.