In August, the Social Security Administration (SSA) will distribute up to six different payments. A certain group of beneficiaries will receive payments on two separate dates from the same benefit program.
Specifically, the SSI Payments Benefit of $1,886 program will issue payments on August 1 and August 30. The payment on August 30 is for September but is sent early to avoid delays caused by the weekend. It’s important to note that this is not an additional or extra payment.
Table of Contents
SSI Payments Benefit of $1,886
Single Recipients and Married Couples
According to the Social Security Administration, the highest amount of SSI that can be paid in August 2024 is:
- $943 for an eligible individual
- $1,415 for an eligible individual with an eligible spouse
- $472 for an essential person
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Who Qualifies for $1,886?
Due to the two SSI payments in August, some eligible recipients will receive $943 on each payday.
In 2024, the maximum benefit for SSI recipients is represented by a total of $1,886, which is calculated by combining $943 received on August 1 and another $943 on August 30. To receive this amount, recipients must remain eligible for the maximum payment on both paydays.
To get the largest SSI benefit, there cannot be any reductions. If you are getting both Social Security retirement benefits and disability insurance benefits at the same time, you will get less money.
Married Couples Receiving $2,830
Single SSI recipients can receive $943, while married couples can receive up to $1,415. Eligible couples who qualify for the maximum benefit amount will receive a total of $2,830 in August. This will be distributed in two payments: one on August 1 and another on August 30.
Essential Persons
Individuals who provide essential support to SSI recipients are eligible to receive up to $472 from SSI in 2024. Therefore, essential persons eligible for both paydays in August and qualifying for the maximum amount will get $944.
Key Points to Consider
Monthly SSI amounts are determined by taking the previous year’s unrounded annual amounts, applying the COLA increase, dividing by 12, and rounding down to the nearest dollar. The actual payment an SSI recipient receives is reduced by their countable income. For couples, the payment is split equally between both spouses. Some states also offer supplemental SSI payments on top of the federal amount.
In August, eligible couples can receive a total of $2,830, split into two payments of $1,415 each—one at the beginning of the month and one at the end. This second payment is the September payment issued early because September 1 falls on a weekend. Average SSI payments are typically lower than the maximum and vary depending on factors such as age and other eligibility criteria.
For example, recipients aged 65+ average $574, those aged 18-64 average $743, and those under 18 average $815.
How to Apply
To apply for SSI, complete an application form and provide documentation that supports your eligibility. The SSA recommends applying online through their official website or scheduling an appointment at a local Social Security office.
Tips for Applying
- Submit all required documents accurately and completely.
- Be prepared for possible interviews or additional information requests from the SSA.
SSI payments are vital for older adults and people with disabilities struggling to make ends meet. This program offers essential financial relief, and with the cost-of-living adjustment, beneficiaries can expect an increase in their payments.
Check your eligibility and submit your application to take advantage of these benefits.
FAQs
What is the maximum SSI payment for individuals?
The maximum SSI payment for individuals is $943.
How much can married couples receive in August?
Married couples can receive up to $2,830 in August.