If you have a Social Security benefit, you may also have access to a monthly Supplemental Security Income (SSI) check. This extra payment that comes to United States citizens is very useful in many cases because it helps supplement retirement money.
What’s more, many Americans eligible for this benefit are unaware that they can apply for it. So we should take a good look at the requirements to apply for Supplemental Security Income (SSI) and thus get a new monthly check. And next May, the payment of this benefit will have an increase.
Supplemental Security Income (SSI) Increases in May 2024
The maximum Supplemental Security Income (SSI) benefit payment will have an increase in May 2024 over May of the previous year. These types of benefits have seen the COLA cause the maximum amounts to increase.
Therefore, all checks for this benefit have increased by 3.2% in this year 2024. As of January of this year, the checks for this benefit can reach a figure of $943. This makes that beneficiaries with a maximum check can have almost $1,000 per month.
Undoubtedly, getting such a benefit is very useful for Americans’ monthly expenses. So if you have a Supplemental Security Income (SSI) check you should know that this May 2024 you will have a little extra money over 2023. And best of all, you don’t have to do anything to apply for that raise.
When does the May Supplemental Security Income (SSI) arrive?
In the month of May we will even have two different payments of this benefit. The Social Security Administration will send out a check for Supplemental Security Income (SSI) on the 1st and 31st of May.
This is due to a slight irregularity in the calendar. June 1st is a weekend. For that reason, benefit payments for that month will arrive earlier to Americans who choose the faster collection method.
So if you have Direct Deposit activated, you should know that your May Supplemental Security Income (SSI) payments will arrive on the 1st and 31st of the month. If we do not have this collection method, the payment will still arrive, but a few days later.