In less than two weeks, the Social Security Administration (SSA) is going to disburse the first of these double Social Security payments, for a total of approximately $1,394, here we tell you everything you need to know about these upcoming payments, check the SSA payment schedule and if you can receive 2 checks or direct deposits in the month of August 2024
In the first week of August, beneficiaries of the Supplemental Security Income (SSI) program can expect to receive a payment close to $697, after August 3, beneficiaries of the Retirement, Survivors, and Disability Insurance (RSDI) program will receive checks for an average of $1,916, however, it is important to take into account that the exact amount is variable depending on the specific circumstances of each beneficiary.
Who Can Get a Double Social Security SSI Payment?
If you receive SSI on August 1, 2024, you can also receive an SSI payment on August 30, this is the date on which Social Security has scheduled the SSI payment for the month of September, therefore, you will possibly receive 2 payments if you receive SSI.
If you are a beneficiary of SSI and Social Security, you may receive a third payment in the month of August, on August 3 the SSDI or retirement benefits will be delivered to you, to better understand the upcoming double payment, let’s take an in-depth look at the details of each program and the role of the SSA.
The SSA is an important entity within the United States government, which is responsible for administering a variety of social programs. In addition to these programs, the SSA also handles the assignment of Social Security numbers and manages the finances and trust funds associated with these benefits.
Protecting Those in Need in the USA
Since the Social Security Administration was created, it has worked to ensure the protection and basic well-being of all eligible American people and citizens, this commitment is reflected in its continuous efforts to provide timely and adequate benefits to those who occupy them.
Stay informed and ready for your next payments, understanding how the SSA works and what you can expect from your benefits.
The next Social Security double payment will be distributed in the first week of August, which will provide some relief to those who depend on these benefits, this payment will be sent to both SSI beneficiaries and retired workers who began applying for benefits before May 1997, on average, retirees can expect to receive about $1,916 in monthly benefits, however, the actual amount may vary significantly depending on individual circumstances.
Supplemental Security Income (SSI) Payments
The Social Security Administration (SSA) will send checks of up to $943 to people who qualify for the Supplemental Security Income (SSI) program, if you are part of an eligible couple, you can expect to receive up to $1,415 in monthly benefits, in addition, SSI beneficiaries who meet the criteria of essential person will receive $472 in addition to their monthly benefits.
After the July 1st SSI payment, all recipients will receive their monthly checks of up to $943 for individuals and up to $1,415 for couples on the following dates, August 1st and 30th.
What Is the Maximum Monthly Social Security Benefit?
The maximum monthly Social Security benefit seniors can receive depends on the age at which they start applying for benefits:
- If you apply for benefits at age 62 (the earliest possible age) in 2024, your maximum benefit would be $2,710 per month.
- If you apply for benefits at your full retirement age, between the ages of 66 and 67, depending on the year of birth in the year 2024, your maximum benefit would be $3,822 monthly.
- If you delay applying for benefits until age 70 in 2024, your maximum possible benefit would be $4,873 per month.