Social Security update: First of March’s two SSI payments will arrive in 13 days
Misty Severi
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Recipients will receive the first of their two March Supplemental Security Income checks in 13 days.
The first payment will be sent out on March 1 and will be worth $914 for individual recipients. The second payment, which is worth the same amount, will be sent on March 31, making the total amount in March for individuals $1,828.
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The Social Security Administration typically issues one monthly SSI check on the first day of the month. However, if the first falls on a weekend or holiday, then the administration sends out the check on the last business day of the prior month. This is so people will still have access to the money on the first of the month.
Giving people two paychecks in a month means that the administration will give that recipient no checks the following month. But it ensures that recipients still receive 12 paychecks a year. The double payments also occur in three other months this year. In 2023, it will be June, September, and December because the first of the month falls on a weekend or holiday in July, October, and January 2024.
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For individuals, the rate for payments is $914 per month, but for eligible couples, the total payment is $1,371. Essential people, those who live with someone receiving SSI as a caregiver, receive a monthly payment of $458.
The Social Security Administration changes the check amount every year to keep up with the cost of living and inflation.