The Supplemental Security Income payment is Federally funded. Even if the Social Security Administration administers SSI applications and paydays, it is a different program. So, it has nothing to do with SSDI or retirement benefits.
However, it is important to know that it is compatible with them. So you can receive retirement or SSDI and Supplemental Security at the same time.
Bear in mind that there are only three ways to qualify for SSI and it could be as a child or as an adult. The first way to qualify is to be aged 65 or older. The second option is to have a qualifying disability. Third, blind people can also apply for SSI. All these citizens must meet income and resources limits. Remember that it is a benefit for low-income couples and individuals.
When can I apply for SSI?
In fact, you can apply for SSI all year round in the United States. Therefore, all you need to do is check you qualify by using a tool to do so at SSA’s official website: https://www.ssa.gov/prepare/check-eligibility-for-benefits.
The sooner you apply for Supplemental Security, the better. Social Security’s decision may take some time, so it is best not to delay your application. To start your application, you can do so online too.
If you have found out that it is more than likely that you are eligible for SSI benefit payments, use SSA’s site to start your application: https://www.ssa.gov/apply
How much could I receive from SSI payments?
This will depend on your financial situation and personal circumstances. Those who get no reductions at all can receive up to $943 in 2024 or up to $967 in 2025 after the COLA increase.
The COLA increase will be 2.5% and it will be included in the December 31 payment. If you are an eligible married couple and you both qualify for the full amount, you will get up to $1,415 in 2024 or up to $1,450 in 2025.
Essential persons who qualify will get up to $484 in 2025, up from $472. The average payments for SSI are:
- all recipients: $698
- under 18: $818
- 18-64: $744
- 65+: $575
For many seniors and individuals with disabilities, financial support is a crucial part of maintaining independence and meeting daily living expenses. The Supplemental Security Income (SSI) program, managed by the Social Security Administration (SSA), provides monthly financial assistance to those who meet certain criteria. In 2024, eligible recipients of SSI can expect a federal payment of $967 per month, which can offer essential support for individuals struggling financially. Here’s what you need to know about SSI payments, eligibility, and how the $967 federal benefit works.
What is SSI?
Supplemental Security Income (SSI) is a federal program designed to provide financial assistance to individuals who are elderly, blind, or disabled and have limited income and resources. Unlike Social Security Disability Insurance (SSDI), which requires a work history, SSI is based on financial need and is available to people who have not worked or do not have enough work history to qualify for SSDI benefits.
SSI payments are meant to help recipients cover basic living expenses, including food, clothing, and shelter. While the federal government sets a baseline payment, some states may provide additional supplemental benefits, which can increase the amount a person receives each month.
The $967 SSI Federal Payment
For 2024, the federal SSI payment for individuals is set at $967 per month. This payment amount is intended to help individuals with limited income and resources meet their basic needs. For couples, the amount is higher—$1,452 per month. This is the base federal benefit, and depending on where you live and other circumstances, the total payment may be higher if your state provides additional benefits.
It’s important to note that this $967 is a federal minimum. If your income or assets exceed certain limits, you may receive a reduced payment, or you may not qualify for SSI at all.
How to Qualify for SSI
To receive SSI benefits, individuals must meet the following criteria:
- Age or Disability: You must be 65 or older, or be under 65 and disabled or blind.
- Limited Income: Your income must be below a certain threshold. This includes wages, Social Security benefits, pensions, and other forms of income.
- Limited Resources: You must have fewer than $2,000 in resources (such as cash, bank accounts, or property) if you are an individual, or $3,000 if you are a couple. Certain resources, like your primary home and vehicle, may not count against this limit.
- U.S. Citizenship: You must be a U.S. citizen or a qualified noncitizen.
How the Payment is Calculated
SSDI Recipients: Here the January Payment Schedule with the 2025 COLA Adjustment
The $967 federal payment is designed to cover a basic standard of living, but it may be reduced based on other income you receive. The Social Security Administration subtracts the income you earn or receive from other sources (such as wages, pensions, or other government benefits) to determine how much you can receive in SSI.
For example, if you receive $200 in monthly income from another source, your SSI benefit might be reduced by that amount. This reduction ensures that the total support you receive doesn’t exceed the SSI payment limits.
Additional State Supplements
Some states offer additional payments on top of the federal SSI benefit. These state supplements can vary widely, depending on where you live. In these cases, the amount of SSI you receive will be a combination of the federal payment and the state’s contribution. For example, California, New York, and several other states provide extra SSI payments to residents.
To find out whether your state offers supplemental payments and the amount, you can check with your local Social Security office or visit the SSA website for more information.
The Importance of SSI for Seniors and People with Disabilities
For many recipients, SSI is a lifeline that helps them cover essential expenses and maintain their independence. Without it, seniors and people with disabilities may struggle to afford basic needs. The $967 federal benefit, though modest, is designed to provide a safety net for individuals who are unable to work or have limited financial resources.
Additionally, the application process for SSI can be challenging, so it’s important to understand the eligibility criteria and ensure that you provide all required documentation when applying. If you are denied, there are avenues for appeals, and seeking assistance from advocacy groups or legal experts specializing in Social Security can help.
What If Your Income or Assets Change?
If your income or assets change during the year, you must report these changes to the SSA. This could affect your eligibility for SSI or the amount of your payment. It’s important to stay in communication with the SSA to ensure you receive the correct payment amount and maintain your eligibility.
Conclusion
The $967 federal SSI benefit provides essential support for seniors and people with disabilities who are struggling financially. If you are eligible for SSI, this payment can help cover your basic needs, giving you greater financial security. However, it’s important to be aware of eligibility requirements, potential reductions based on income, and additional state supplements that may be available in your area.
If you are unsure about your eligibility or need help applying, contact the Social Security Administration or seek assistance from a professional who can guide you through the process. Staying informed will help you make the most of your SSI benefits and ensure that you get the support you need.