Regarding Supplemental Security Income (SSI) payments for May 2024, the Social Security Administration (SSA) has released important modifications and changes.
Social Security benefits are expected to grow by $120 for recipients in May 2024, a 3.2% increase over the prior year.
In addition to an increase to $943 for American users of Supplemental Security Income, the maximum monthly payout for 2024 is $4,873.
SSI Amounts for 2024
For 2024, the highest monthly federal payments are $472 for a necessary person, $1,415 for an eligible person and an eligible spouse, and $943 for an eligible person by themselves. This suggests that a person will receive $943 a day earlier than usual if they claim the maximum monthly SSI benefit.
For a pair, the price rises to $1,415. An early payout to retirees entitles them to a maximum of $4,873. Benefit amounts, however, are frequently lower than this and depend on a number of factors, including your marital status and your income, both current and historical.
Payment Methods Used by SSI
The days of getting a cheque from the Social Security Administration through mail are long gone. There are currently only two ways that SSDI and SSI benefits can be processed and paid under federal law: directly into the beneficiary’s bank account or by depositing the money onto a Direct Express Debit Mastercard.
In order to reduce the possibility of misplaced or pilfered checks leading to protracted wait times before replacement payments can be made, both techniques electronically transfer the money you are entitled to receive.
How to Apply for SSI Benefits in USA?
- To start the application process, visit the SSA’s official website. Once you have completed the online process, a social security representative will contact you to schedule a time to help you apply for benefits.
- If you are unable to finish the online application, you can apply over the phone by calling 800-772-1213, 8 a.m. to 7 p.m., Monday through Friday, or by getting in touch with your local Social Security Administration office.
- If you are hard of hearing and need TTY equipment, you can reach them at 800-325-0778.