Official: Social Security Is Making a Big Change to The Way Payments Are Made in November!
Social Security recipients relying on their monthly benefits need to be aware of a significant change in the November payment schedule. This alteration mainly affects beneficiaries of the Supplemental Security Income (SSI) program, which provides support to low-income individuals, seniors, and disabled people.
Due to a scheduling adjustment, SSI recipients will receive two payments in November: one on the first day of the month and another at the end of the month, in advance of December’s benefits.
The Reason Behind the Change
The Social Security Administration (SSA) typically adjusts its payment schedule when regular payment dates fall on weekends or holidays. For November, the first of December falls on a Sunday, prompting the SSA to move that payment forward to Friday, November 29th.
As a result, beneficiaries will receive their standard November payment on November 1st, followed by another payment at the end of the month. This isn’t an additional benefit but rather the December SSI payment arriving early.
What This Means for SSI Recipients
For the average SSI recipient, who receives around $698 per month, this change means two payments of the same amount in November, totaling approximately $1,396 for the month. Couples receiving SSI could see up to $2,830 in total benefits. Those who qualify as Essential Persons (EPs) may also receive an additional $472, bringing their total payment to $944.
Eligibility Requirements for SSI
To qualify for SSI benefits, recipients must meet specific income and resource thresholds. Individuals should earn less than $1,971 per month, while couples have a higher limit. Resource limits include owning assets such as vehicles and bank accounts, with caps set at $2,000 for individuals and $3,000 for couples. Additionally, beneficiaries younger than 65 must meet the SSA’s strict criteria for disability to qualify.
Implications for Other Beneficiaries
While SSI recipients will see two payments in November, other Social Security beneficiaries, such as those receiving retirement, survivor, and disability benefits (RSDI), will follow their regular schedules. Notably, RSDI beneficiaries who applied before May 1997 will receive their November payments on Friday, November 1st.
Read More: Social Security Announces Major Change to Ease Application Process for US Retirees!
Conclusion
It’s important for beneficiaries to stay informed about these changes to avoid confusion or financial disruption. Recipients are encouraged to regularly check their My Social Security accounts or contact SSA customer service for more personalized information regarding their payments. While this adjustment may seem unusual, it ensures that recipients continue receiving benefits in a timely manner, even when scheduling conflicts arise.