Supplemental Security Income checks are one of the most useful benefits throughout the United States. This financial help goes directly to the citizens who need it most. That is why it is so useful for any part of the United States.
Still, some of the citizens who get this check may stop getting it in the next year because of COLA. And if the situation with Supplemental Security Income is not so for some Americans it may be so in a few years.
The main issue in determining whether or not we will lose this benefit depends on the income threshold we may have to qualify for SSI. Social Security checks increase through the COLA, but that threshold remains still for all these years past.
And it is precisely that threshold that can cause Supplemental Security Income to stop reaching many families. That is why we must be very careful to watch out and check everything before counting on this benefit money.
WHO CAN LOSE SUPPLEMENTAL SECURITY INCOME IN 2024?
In order to determine what will happen to our SSI check, we can start by using the Best Tool. This will give us a picture of whether or not we will be able to continue collecting Supplemental Security Income in 2024.
Aside from this, it is also important to keep in mind that we could continue to collect SSI, but in a smaller check. The maximum benefits of 914 are only for one group of citizens, but that does not mean that All United States citizens will be able to get such a large check.
The Americans who will lose the Supplemental Security Income payment in 2024 will be those who exceed the maximum income threshold to get the payment. Remember that the two requirements for getting this benefit are twofold:
- Be age 65 or older or have a disability.
- Have a low monthly income.
The first requirement does not usually change, but the second can. If your Social Security check becomes larger because of the COLA, the Administration may stop sending you Supplemental Security Income.
Still, make sure this is the case before you do anything. Contact the Social Security Administration and ask about your particular situation. This will give us peace of mind about what will happen to our Supplemental Security Income in the coming year.
Another option is to contact an Administrator who can help us check the situation. Regardless of what we may get, the Supplemental Security Income check will also have a different maximum in the coming year. The 914 check will not be the maximum in the following year.