A large portion of senior citizens in the United States collect a Social Security check. To be exact, 9 out of 10 Americans over the age of 65 have a retirement check as part of their income. Not only that, but many of them have no other source of income.
Knowing this, we can conclude that the monthly Social Security check is really important to many Americans. The problem with this, therefore, is that some of those checks are not large enough to cover all of their monthly expenses.
Luckily, the Social Security Administration offers other different checks that we can get. If we apply for this other extra check we could get up to $943 a month, which would make it possible for us to have a better standard of living.
In the case of being able to get this extra check from Social Security we should keep in mind that it would arrive on a different day than the retirement payment. Still, it is always welcome to have a little extra money to enjoy the golden years in the best way possible.
Who can get an extra $750 from Social Security?
The check we’re talking about is Supplemental Security Income and it’s not always $750. The Social Security Administration sends up to $943 with this benefit. This means that the payment of this check is at most that amount, but it does not mean that everyone can get this high payment.
In order to get this benefit we have to be 65 years of age or older or have a disability. If we are in that situation, we can apply for the check as long as our monthly income is low, as well as our resources.
In this way, the payment of up to $943 can arrive each month to our checking account. However, there is no minimum on this check. The payment can be $700, $300 or $600. It all depends on our monthly income. The more income, the less Supplemental Security Income check. And vice versa.
Remember that the payment of this benefit arrives on the 1st of each month. This is true with some exceptions. When the 1st of the month is a holiday or weekend, the Social Security Administration sends out a check on the immediately preceding business day.