One week until $841 SSI benefit checks are direct deposited – are you eligible

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Recipients of Supplemental Security Income (SSI) will receive their monthly check in a week.

average small industry The claimant is getting a benefit of $621 per month this year, thanks to cost of living adjustment Climbing 5.9%.

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SSI claimants getting up to $841 per month this yearcredit: Getty Images

The maximum payout per person is $841 per month.

The Supplementary Security Income payment will be sent on Friday, July 1.

Meanwhile, Social Security payments are made on three different Wednesdays of the month, depending on your date of birth.

For example, those whose birthdays fall between the 11th and 20th Will get their checks on July 20,

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Who is eligible for SSI?

SSI, which is operated by the Social Security Administration (SSA), aims to help people over the age of 65, as well as the blind and disabled, who have little or no income.

As well as having a disability, whether or not you qualify depends on your assets.

To meet the requirements, individuals cannot have more than $2,000 in assets, while couples can have up to $3,000 in assets.

But the SSA exempts you from certain things you own, including the following:

  • Life insurance policies with a face value of $1,500 or less
  • your car (usually)
  • Burial plots for you and your immediate family members
  • Up to $1,500 in a burial fund for you and up to $1,500 in a burial fund for your spouse
  • the house and land you live on

For more information about SSI, we explain Difference Between that program and SSDI.

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And we reveal what SSI can be Took for child support.

Plus, find out why it makes sense to some people. 70. start claiming Social Security benefits,

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