Social Security reminder: Here’s which SSI recipients can expect two payments in September 2022

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Recipients of Supplemental Security Income will receive an additional payment this month, as September is one of three months when the benefit is paid twice.

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The first payment, for a maximum of $841, was issued on September 1. The second payment, also of a maximum of $841, will be sent at the end of the month. However, the maximum total of $1,682 for September only applies to single beneficiaries, the Washington Examiner reported.

An eligible person with an eligible spouse receives up to $1,261 per payment, while an allowance of $421 per payment goes to those living with or providing SSI recipients.

The SSI program is overseen by the Social Security Administration and provides monthly payments to disabled or blind adults and children whose income and resources are below specific financial limits, according to the SSA’s website. SSI payments are also made to people age 65 and older without disabilities who meet the financial requirements.

You may be eligible to receive monthly SSI payments even if you are already collecting Social Security disability insurance or retirement benefits. About 7.6 million people receive SSI benefits.

Not everyone receives the same amount, according to the SSA. You might get more if you live in a state that adds money to the federal SSI payment, or less if you have other income such as wages, pensions, or Social Security benefits. You may also receive less if someone pays for your household expenses or if you live with a spouse who has an income.

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Due to the way the system works, two SSI payments are sent in September, April and December. But that doesn’t mean you get extra money. This is to make up for the three months when no payments are sent: January, May and October.

Most recipients of the program fall within 150% of the federal poverty level, CNBC reported, citing research from the Urban Institute. Recipients who live in states that complete SSI may exceed the federal poverty level, but most recipients struggle financially.

“SSI only provides minimal support to older people and people with disabilities. It really highlights how little support we are giving to the most vulnerable Americans,” Richard Johnson, director of the Retirement Policy Program at the Urban Institute, told CNBC.

Some legislators want to update the SSI program so that it provides more financial relief. A pair of U.S. senators from Ohio — Democrat Sherrod Brown and Republican Rob Portman — earlier this year introduced a bill that would allow SSI recipients to hold more assets without jeopardizing their benefits, CNBC reported. . The bill’s co-sponsors include Sen. Ron Wyden (D-Ore.), who chairs the Senate Finance Committee.

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Among other things, the bill would increase asset limits for SSI recipients. Currently, the limits are $2,000 for individuals and $3,000 for couples. Assets subject to the limit are those that can be turned into cash, such as bank accounts, stocks, bonds or other property. As CNBC noted, the caps haven’t changed since 1984. Under Brown and Portman’s bill, the caps would be raised to $10,000 for individuals and $20,000 for couples.

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