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Supplemental Security Income (SSI) payments are usually deposited on the first of each month, unless the first falls on a weekend or holiday. According to the SSA’s Social Security Benefits Schedule for 2022, August payments are scheduled to be made on Monday, August 1.
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If you received Social Security before May 1997 — or if you receive both Social Security and SSI — you will receive your Social Security payment on August 3 and SSI on August 1.
SSI is a needs-based program that provides monthly benefits to those with low incomes and free resources. To be eligible for SSI, you must meet the following SSA criteria:
- Be 65 or older
- Partially or completely blind
- Have a medical condition that prevents you from working, which is expected to last a year or result in death
The SSA says some states and territories may also supplement the federal SSI benefit with additional payments.
For 2022, the federal benefit rate is $841 for an individual and $1,261 for a couple, but the exact amount may vary depending on your income, living conditions and other factors. The maximum amount of SSI changes depending on the cost of living adjustments (COLA) that apply to Social Security benefits. The COLA for 2022 is 5.9%, but based on new June Consumer Price Index data, the Senior League estimates that number could rise to 10.5% for 2023, CNBC reported. .
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While you typically receive paper checks, SSA advises you to wait an additional three mailing days before checking the status of your payment if you do not receive it by the due date. If you receive a direct deposit, you can expect to receive your payment first, but this may depend on your bank.
here is Social Security payment schedule for calendar year 2022.
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