Social Security update: Direct SSI payment worth $914 to arrive in February

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FILE – Twenty dollar bills are counted on June 15, 2018, in North Andover, Massachusetts. (AP Photo/Elise Amendola, File) Elise Amendola/AP

Social Security update: Direct SSI payment worth $914 to arrive in February

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Supplemental Security Income payments worth $914 are scheduled to go out to recipients on Feb. 1.

Recipients of SSI are receiving the payment in February since they received two payments in December 2022, one on Dec. 1 and the second on Dec. 30.

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Eligible couples for SSI and essential persons, meaning someone who lives with a person receiving SSI and provides necessary care, will also receive a payment from the SSA on Feb. 1. Couples will receive $1,371, while essential persons will get $458, according to the SSA.

SSI payments are typically given to recipients on the first of the month, with a total of 12 payments issued by the SSA every year. However, on days when the first day of a month occurs on a weekend or a holiday, the payments are given on the last business day of the previous month, as was the case with the payment on Dec. 30.

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For 2023, the SSA will issue double payments to recipients in the months of March, June, September, and December due to the following months starting on either a weekend or a holiday, according to the SSA’s 2023 schedule.

The SSI payments will be slightly higher in 2023 compared to the previous year thanks to a cost of living adjustment the SSA made. The payment issued to recipients in 2022 was $841, with 2023’s payment being 8.7% higher to reflect the adjustment.

© 2023 Washington Examiner

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