During the first days of each month, thousands of citizens in the U.S. are watching their bank accounts. This is the desired payment from the Supplemental Security Income program, better known as SSI.
This benefit, managed by the Social Security Administration (SSA), provides support to people with limited resources. In August, it will be deposited again with a special adjustment due to the increase in the cost of living.
What is SSI and why is this payment important?
SSI is a federal program that delivers monthly payments to people who meet certain economic and health criteria. The main beneficiaries are people over 65 years old, people with disabilities, or those with legal blindness.
This program is designed to help cover basic needs such as food, housing, or clothing. The next payment is scheduled for August 1 and will come with a 2.5% increase.
This adjustment responds to the rise in prices of everyday goods and services. According to SSA, the calculation is based on the Consumer Price Index, which ensures that beneficiaries keep their purchasing power.
How much will be received and who can access it?
The amount paid varies according to each applicant's personal situation; an individual beneficiary can receive up to $967. Couples who apply for the benefit together could receive up to $1,450. In addition, authorized caregivers can receive an amount of up to $484 if they are responsible for a person with SSI.
To qualify, it is not enough to have limited income; you must also meet immigration and residency criteria. This includes being a U.S. citizen or belonging to an approved immigration category. The person must live in one of the 50 states, in Washington, D.C., or in the Northern Mariana Islands, and can't be absent from the country for more than 30 consecutive days.
How to know if you qualify and where to check the calendar
Those who already receive this benefit do not have to do anything for the August payment. However, if you think that you or someone in your family could qualify, this is a good time to get informed. The official website of the Social Security Administration offers the complete payment calendar.
You can also check the requirements there and submit your application if necessary. Remember that SSI payments are managed by SSA, and this entity is responsible for verifying eligibility and issuing deposits on time. With a higher cost of living, this type of support can make a difference, so check the official channels and stay alert for deposits starting August 1.