Many people in the U.S. depend on Supplemental Security Income (SSI) to cover their basic needs. In just 14 days, eligible recipients will receive their March SSI payment, worth up to $967. This payment helps individuals with disabilities who have limited income. Here’s everything you need to know about the upcoming payment, including who qualifies and when you can expect your money.
When Will the March SSI Payment Arrive?
The Social Security Administration (SSA) sends SSI payments on the first day of each month. However, if the first day falls on a weekend or a holiday, the payment is sent on the last business day before it.
- March 2024 Payment Date: February 28, 2024 (since March 1 is a Saturday)
- Future Early Payments in 2025: June, September, and November will also have early payments.
This ensures that beneficiaries always receive their payments on time.
Who Gets SSI Payments and How Much?
SSI benefits are designed for individuals with disabilities who have limited income. The amount you receive depends on your filing status:
- Individuals get $967 per month.
- Couples receive $1,450 per month.
- Essential persons (those who live with and care for an SSI recipient) get $484 per month.
These payments are separate from regular Social Security benefits, which are mainly for retirees.
How Are SSI Payments Different from Regular Social Security?
While SSI payments go out at the start of each month, regular Social Security retirement benefits follow a different schedule. Retirement payments are sent in three waves each month, depending on the recipient’s birthdate.
Key Differences:
| Feature | SSI Payments | Social Security Retirement Payments |
|---|---|---|
| Recipients | Individuals with disabilities & low income | Retirees & workers who paid into Social Security |
| Payment Date | First of each month (or earlier if on a weekend/holiday) | Three waves based on birthdate |
| Amount | $967 for individuals, $1,450 for couples | Varies based on work history |
Why Do SSI Payments Change Over Time?
The SSA adjusts SSI payments every year based on the cost-of-living adjustment (COLA). This ensures recipients can keep up with inflation. The first SSI payments were sent in January 1974, and since 1975, payments have increased to match the rising cost of living.
Final Thoughts
SSI payments are a crucial source of financial support for individuals with disabilities and low income. With the upcoming March payment arriving early on February 28, recipients should plan accordingly. Understanding the payment schedule and staying informed about SSA rules ensures that beneficiaries receive their funds without delays.