The United States Social Security Administration is sending out the first of the February 2024 payment schedule checks today. This check is not for all Americans, since it is not a retirement check, but a different payment. In this sense, we must meet some requirements if we want to get this payment with an average check of $500.
This money is independent of the retirement payment, which will start arriving tomorrow, in advance, to Social Security retirees. But just because it is separate does not mean that it is mandatory. That is, getting today’s check is not mandatory to get tomorrow’s check and vice versa. Both checks are totally optional and getting one or the other depends on the situation of each American.
Thus, United States retirees who meet certain requirements get this payment of up to 943 dollars. But it is not necessary to be retired, since there are other categories within this check, the Supplemental Security Income, which can be compatible with the Social Security benefit. Do you meet the requirements to obtain this monthly check?
How to get your average Social Security check for $500 today
In order to cash your average Social Security check for $500 today, you must activate Direct Deposit. Let’s remember that this method of cashing is key to getting both retirement and other types of benefits immediately. This is the only way to get the payment today, February 1st.
In addition, it is also important to have the Supplemental Security Income benefit accepted in advance. If we have this benefit accepted, payment will arrive today with a maximum check of $943, but that does not mean that all payments will reach that amount. If our Supplemental Security Income benefit is in the process of being accepted, we will have to wait until next month.
Similarly, the check for $943 or $500 is not for all Americans. This benefit depends on the monthly income of the beneficiary. The more monthly income the American with Supplemental Security Income has, the less money he/she will get from this benefit.
Requirements for Supplemental Security Income
While it is true that applying for Supplemental Security Income right now will not get us a check today, it is also true that we can apply for it and get it in the next few months.
The requirements for this benefit are:
- Have a disability or 65 years of age or older.
- Have a low income. Likewise, it is also necessary to have limited resources.
Therefore, it is not mandatory to have a retirement or Social Security disability benefit, but it is compatible with this check. Thus, we could have both benefits accepted without any problem.
The maximum payment of $943 is for those Americans with lower incomes. And remember that the payment is always on the 1st of each month, except for exceptions. If the 1st is a holiday or weekend, the money will arrive on the immediately preceding business day.