Getting a new Social Security check every month makes life easier for millions of United States citizens. What many of those Americans don’t know, however, is that they may have an extra payment to use for whatever they need.
And we’re not talking about a retirement check, but rather another benefit outside of retirement that can provide an amount of up to $943 per month. Just meeting a few requirements will be enough for the Social Security Administration to pay us an extra check every month.
Also, many Americans who meet these requirements do not collect this benefit every month because they do not know they meet them. It is important to keep all of this in mind, because it is not mandatory to be retired in order to get the payment, so we should take note of this Social Security benefit and its requirements.
How to get an extra Social Security check of $550?
The truth is that the amount of this check varies depending on several details. But it is also true that the maximum payment is $943 and the average is $550. Still, it is obvious that each American with this benefit can get a totally different payment.
This benefit is called Supplemental Security Income and the Social Security Administration sends it every month to the beneficiaries. To qualify for it, we need to meet two requirements:
- Be 65 years of age or older. It is also possible to apply if we have a disability regardless of age.
- Have a low monthly income. Likewise, it is also necessary to have low resources in general.
All Supplemental Security Income application cases are studied in depth by the Social Security Administration. It is really important to keep this in mind, as we cannot expect to get the same check as someone we know. The amounts are individualized, so our benefit will be unique.
The checks for this benefit are always sent out on the 1st of each month. This means that if we have a check accepted, we will receive the payment before the monthly retirement benefit. Although it is true that this payment is compatible with Social Security, it is not mandatory to be retired to get the check.