Each new month that begins, a new stimulus check with extra payments from the United States Social Security hits the pockets of Americans. While it is true that this payment is not for all citizens, it is also true that many eligible people do not know that they can apply for it. Therefore, it is good to look at the requirements to see if we have access to this check.
In the event that we do have access to this payment, it is advisable to apply for it as soon as possible. And the fact is that if the average amount of this stimulus check is $500, more or less, the maximum payment is $943. And the truth is that by adding almost $1,000 every month to our checking account, our standard of living can improve a lot.
And the best thing about this benefit is that it always arrives at the beginning of each month. This makes the Social Security stimulus check perfect for paying bills of all kinds. However, we must apply for the payment in advance, so we can’t pretend to apply now and get it immediately.
Who gets a Social Security Stimulus Check?
While it’s true that stimulus checks as such no longer exist in the United States, whether temporarily or forever, this Supplemental Security Income could be considered such because it serves as an excellent backup to regular retirement payments.
To qualify for a Supplemental Security Income check, two basic requirements must be met. Without these requirements, the payment will not arrive each month, so we must keep this in mind. There are two requirements:
- Be 65 years of age or older or have a disability.
- Have low monthly income and resources, and low net worth.
If we have already accepted this benefit, the check could arrive on the next 1st of each month. This is the day the government sends these Supplemental Security Income checks to beneficiaries. Whether or not you receive this payment immediately depends on whether or not you have Direct Deposit enabled.
As for the amount, it depends on our resources and monthly income. If our income is low and stable, we will always receive the same payment in this stimulus check. However, if our income changes, it is possible that we may have a change in some of the months. The Social Security Administration determines the amount of Supplemental Security Income based on the beneficiary’s monthly income.