SSI Archives - DR News - News, Retirement, Finance

SSI Recipients to Receive Boost in Social Security Benefits with New Rule Implementation

Washington, D.C. – The Social Security Administration has recently announced significant changes to the Supplemental Security Income program, impacting seniors and individuals with disabilities who rely on Social Security benefits. These changes, set to take effect in the near future, aim to ensure that financial aid payments remain unaffected by food aid payments for specific beneficiaries. The modifications will specifically apply to Supplemental Security Income recipients, distinguishing this program from others under Social Security such …

SSI 2024: First Payment of the Year to Release in 16 Days, New Maximum Amount Revealed

Denver, CO – The first Supplemental Security Income payment of 2024 is set to be released on Thursday, Feb. 1st to recipients, marking the first check of the year after two payments were issued in December 2023. The payment, released by the Social Security Administration, varies depending on the filer’s status as an individual, joint, or essential person. Individual filers can receive up to $943 each month, while eligible couples may receive up to $1,415, …

Foster Children in NYC Missing Out on Personal Savings Due to SSI Policy

New York City foster children with disabilities are being denied individual Social Security payments despite a 2022 policy intended to allow them to use these federal benefits for personal savings. This policy, implemented during the summer of 2022, directed the Administration for Children’s Services to cease using Social Security payments to cover housing and service costs for foster children entitled to these benefits due to qualifying disabilities. Instead, the funds were to be deposited into …

SSI Rule Change Removes Food Relief from Income Calculations, Boosts Financial Support for Millions

Chicago, Illinois – The Social Security Administration (SSA) has recently announced new regulations for Supplemental Security Income (SSI) that will impact millions of beneficiaries across the country. This significant change aims to improve the financial support for individuals receiving SSI benefits. Under the new regulations, relief in the form of food, categorized as support and maintenance in kind (ISM), will no longer be considered in the eligibility calculations for beneficiaries. Currently, relief for food and …

Social Security Administration Announces Double Payments for SSI and Retired Workers

Miami, FL – The Social Security Administration (SA) has recently made an important announcement regarding increased payments for recipients of Supplemental Security Income (SSI) and retired workers who have been receiving Social Security benefits prior to May 1997. These beneficiaries can expect to see monthly payments up to $943 for SSI recipients and $2,000 for retired workers, although individual payment amounts may vary based on specific circumstances. The SA, a federal agency, administers the SSI …

Social Security Administration Announces Major SSI Payment Changes for Seniors

Los Angeles, California – The Social Security Administration (SSA) has recently made an important announcement regarding changes to Social Security benefits that will have a significant impact on millions of American seniors. The Supplemental Security Income (SSI) program, administered by the SSA since 1974, aims to provide more unified criteria and assistance to those in need, replacing previous state-specific programs with varying eligibility standards. For seniors approaching retirement or already enrolled in the program, staying …

SSI Recipients to Receive Up to $943 Monthly Starting April 1

Miami, Florida – Millions of Social Security beneficiaries are set to receive increased monthly payments starting on April 1, with individual filers getting up to $943 and couples up to $1,415. These payments are part of the Supplemental Security Income (SSI) program, aimed at supporting individuals with low income and significant disabilities that hinder their ability to work. Both adults and children may be eligible for SSI if they meet certain criteria, such as limited …

Social Security Payments for SSI and Retirees Set to Arrive Next Week: What You Need to Know

Washington, D.C. – The upcoming week holds significant financial milestones for Social Security beneficiaries across the United States. The Social Security Administration has confirmed that Supplemental Security Income (SSI) recipients can expect a payment of $1,415 on Monday, April 1st, while retired workers eligible for Old Age, Survivors, and Disability Insurance (OASDI) may receive up to $4,873 on Wednesday, April 3rd. The SSI and OASDI programs, administered by the Social Security Agency, offer vital financial …

SSI Payment Increase and COLA Adjustment Key Changes for Social Security Recipients in 2024

Washington, D.C. – The Social Security Administration has recently announced changes to the Supplemental Security Income (SSI) payment program for the year 2024. These modifications will have a significant impact on the financial well-being of beneficiaries across the country. The SSI payment adjustments include an increase in the basic payment for unmarried individuals who also receive another Social Security benefit, raising it to $943 per month. Additionally, the average monthly SSI payment for couples will …

Retiree Shares Experience of Claiming Social Security Benefits at 62 Instead of SSI

Springfield, Illinois – A retiree in Springfield, Illinois recounts a challenging decision to start receiving Social Security retirement benefits at the age of 62 instead of Supplemental Security Income. This choice was influenced by the need for immediate financial assistance, highlighting the complex financial decisions many retirees face. The retiree shared that factors such as rising medical costs, unexpected expenses, and limited savings led to the early application for Social Security benefits. This experience shed …