The Social Security Administration has made it official that recipients of Supplemental Security Income (SSI) will not receive any extra payments until October. This reevaluation of the payment schedule has provoked fears among people who use these funds to cover their basic requirements. If you are impacted by this delay, it’s important to recognise the causes for the pause and how to maintain your finances until payments recommence.
The SSI program under Supplemental Security Income gives financial aid to people with low income, disabilities, or who are over 65 and have insufficient assets to cover their vital costs. The program, managed by the Social Security Administration (SSA), provides monthly allowances that support millions of Americans in making their expenses.
SSI Explained: How This Lifeline Financial Aid Program Helps Millions in Need
Essential financial aid like this really helps those in economic difficulty as it deals with fundamental needs like food, housing, and medical aid. In contrast to different Social Security programs, SSI receives its funding not from Social Security contributions but from the U.S. Treasury. The designation means that the program is created particularly for those who can’t work or who have very limited financial means.
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Key dates in the SSI payment schedule
Here are the important dates for SSI payments for the rest of the year:
- September advance payment: August 29
- October payment: October 1
- November advance payment: October 31
- December payment: December 1
There won’t be any direct payments in September or November, but beneficiaries will have received their funds previously. Acknowledgement of this is vital to ensuring there are no financial challenges in these months.
Why Your SSI Payment Dates Are Changing in 2024
Every year, the Social Security Administration releases a payment calendar for all its program operations. Most SSI payments happen on the first day of each month, but there are exceptions when this schedule deviates if the first day is a weekend or a holiday. In these situations, the payment is transferred to the last working day preceding the original date.
The remaining months of 2024 will see SSI beneficiaries without payments in September and November. The absence of lost benefits in these months is due to a shifted timing of their payments. Beneficiaries received their September payment on August 29, and the expected November payment will happen on October 31.