Your SSI Payments for July Are Coming. Here’s When You’ll Get Them.

In June, recipients of Supplemental Security Income (SSI) didn’t receive a payment due to an advanced double payment in May. But don’t worry, the SSI payments for July are right on schedule.

Additionally, there’s a possibility of an increase in your checks later this year. Let’s explore what SSI is, the upcoming payment schedule for 2024, and why there are instances when you might not receive a payment on the first of the month.

What is SSI?

SSI, or Supplemental Security Income, is a federal program managed by the Social Security Administration (SSA). It provides financial assistance to individuals who have limited income and resources. This program primarily aids:

  • Individuals who are blind
  • Those aged 65 or older
  • Individuals with a qualifying disability
  • Children who are blind or have disabilities

The goal of SSI is to ensure that these vulnerable groups have the necessary financial support to meet their basic needs.

When Will I Get My SSI Money?

Here is the schedule for SSI payments via direct deposit for the remainder of 2024:

  • Monday, July 1
  • Thursday, August 1
  • Friday, August 30 (for September)
  • Tuesday, October 1
  • Friday, November 1
  • Friday, November 29 (for December)

Why Would I Not Get an SSI Payment?

SSI payments are typically disbursed on the first of each month. However, there are exceptions:

  • If the first of the month is a holiday
  • If the first of the month is a weekend

For instance, in June 2024, recipients didn’t receive a payment on June 1 because it fell on a Saturday. Consequently, the payments were issued on May 31. This pattern will recur in August, where payments for September will be disbursed on August 30, as September 1 is a Sunday.

Your SSI Payments for July Are Coming. Here's When You'll Get Them.

What If I Receive Other Social Security Benefits?

For those who receive other types of Social Security benefits, the payment schedule remains unchanged. These payments are generally issued on Wednesdays, according to the recipient’s birth date:

  • July 3: For individuals who have been receiving Social Security since before May 1997.
  • July 10: For those with birthdays between the 1st and 10th of any month.
  • July 17: For individuals with birthdays between the 11th and 20th of any month.
  • July 24: For those with birthdays between the 21st and 31st of any month.

It’s important to note that each type of benefit has its specific schedule, so keeping track of your payment dates is crucial to ensure you’re always informed.

Understanding SSI Payment Adjustments

SSI recipients often wonder why their payment schedule occasionally changes. This adjustment is primarily due to the SSA’s policy to avoid delays caused by weekends and holidays. By issuing payments earlier in such instances, the SSA ensures that recipients receive their funds without unnecessary delays.

Potential Increase in SSI Payments

There’s been ongoing discussion about a potential increase in SSI payments later this year. While the specifics are still under review, this increase is expected to help recipients better cope with the rising cost of living. Keeping an eye on official announcements from the SSA will help you stay updated on any changes to your benefit amounts.

Managing Your SSI Payments

To ensure smooth management of your SSI payments:

  1. Stay Informed: Regularly check the SSA’s official website or contact their customer service for updates on payment schedules and any potential changes.
  2. Budget Wisely: Given that payment dates can occasionally shift, planning your budget with these dates in mind can help avoid financial stress.
  3. Direct Deposit: Opt for direct deposit to ensure timely and secure receipt of your payments.

Related:

Why Didn’t I Get My SSI Payment in June?

The lack of an SSI payment in June was due to the advance payment recipients received in May. This advance payment occurred because June 1 was a Saturday, prompting the SSA to disburse payments on May 31. Such adjustments are routine and ensure that recipients are not left without funds due to weekends or holidays.

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