All Supplemental Security Income (SSI) recipients should mark July 1st as the new payment day in the United States. This benefit, which will not go to all retirees but to a specific group of retirees, has not arrived for the entire month of June for many Americans, something that changes the payment schedule completely.
But that irregularity in Social Security payments is not in July’s Supplemental Security Income (SSI). The July schedule is completely regular, so we don’t have to worry about this benefit. We will get it on the 1st of the month without any problems.
The important thing is to be eligible for the benefit. Not all retirees are eligible for SSI, so we have to pay attention to the requirements. Also, if we have not applied for the benefit in advance we cannot get next month’s check, so we would have to wait until later months.
Who gets the next SSI on July 1st?
In order to get the July 1 benefit, we must have SSI accepted in advance. This means that we must meet the Supplemental Security Income requirements. There are two specific requirements.
The first requirement is to be age 65 or older or have a disability. The second requirement is to have a low monthly income, as well as low resources. Only by fulfilling both requirements will we be able to enjoy this monthly check that can complete the Social Security payment. However, it is not mandatory to be retired to obtain this benefit.
What is the maximum SSI payment for July?
The maximum July Supplemental Security Income (SSI) payment will be the same as the rest of the year. This is $943 for all retirees who apply. It is not possible to collect more than that amount, but it is common to collect less.
The average benefit is $550, although it is not necessary to collect that. It all depends on our monthly income. If we have a low income, we will have a higher SSI benefit. And vice versa, so high earners cannot get Supplemental Security Income.
The amount of SSI can vary from month to month. It all depends on whether our income changes. But remember that the Social Security Administration checks to make sure that SSI recipients are eligible, so it may happen that some people’s benefits change.