Supplemental Security Income benefit payments reach Americans’ pockets every month. This gives many families in the United States a little extra money to pay bills and shop for groceries. On top of that, some retirees who receive this type of check are able to save some money.
The maximum Social Security check for Supplemental Security Income is $914. Therefore, it means that a citizen who has the maximum of this benefit can get throughout the year up to almost $11,000. This figure is enormous if we take into account that this benefit is for the most needy citizens.
Having the possibility of getting around $11,000 each year can make life much better for many families. However, it should also be kept in mind that this is the maximum payment. It is not the average payment, but the limit. Not all Americans receive such a benefit. We do not have to count on this entire amount if we are waiting to receive the monthly Supplemental Security Income.
Who can receive more than $5,000 of Supplemental Security Income?
Citizens who will receive more than $5,000 of Supplemental Security Income before the end of the year are those who receive the maximum benefit. While this is not common, as discussed above, it is possible that this could happen. In any case, any amount that Supplemental Security Income provides is welcomed by Americans.
Making a quick calculation, if the maximum benefit is $914 per month, before the end of the year a citizen can reach $5,484. This if we take into account that the Social Security Administration still has to send 6 different checks. The check for the month of July will arrive earlier, but it is still for the month of July.
When will Social Security send SSI payments?
Supplemental Security Income payments always arrive on the 1st of each month, with some exceptions. In fact, the Supplemental Security Income payment is sent on that day. Whether or not you receive it on the day it is sent depends directly on whether or not you have Direct Deposit activated.
Aside from the method of payment, there are exceptions to the payment days. The 1st of the month is the usual day, yes, but there are also differences in some months. If the 1st of the month is a weekend or holiday, the payment is made on the immediately preceding working day.
This is precisely what happens in July. In July, the 1st is a weekend. Saturday, to be more precise. For that reason, the Social Security Administration sends out the July Supplemental Security Income on the June 30th. This completely changes the timing of the payments, causing July to have 6 separate checks and June to have only 4.