Americans to Receive Extra Social Security Payment in August – What You Need to Know

Social Security has announced an extra payment in August due to September 1st falling on a Sunday. As a result, SSI beneficiaries will receive their monthly benefits on Thursday, August 1, and Friday, August 30. This deviation from the regular schedule occurs in certain months because the regular payment date is the first of each month. Beneficiaries will also receive double payments in August and November, along with a 3.2% monthly cost-of-living adjustment (COLA).

Importance of SSI Payments

For millions of low-income seniors aged 65 and older, SSI is a primary source of income. These payments are crucial for funding basic living expenses such as housing, healthcare, entertainment, and paying off debt. Without these monthly SSI payments, many seniors, disabled people, and children would struggle to make ends meet and potentially live in poverty.

Eligibility Requirements

To receive the extra Social Security payment in August, applicants must meet specific eligibility requirements:

• Income Limits: Working adults must make less than $1,971 per month. Couples and parents filing for child support may be eligible for an income supplement.
• Resource Limits: There are restrictions on resources such as bank accounts and cars. Individuals can have up to $2,000, and couples up to $3,000. For parents filing on behalf of a child, the cap can rise to $2,000.
• Medical Conditions: Applicants must have a severe physical or mental impairment expected to last at least a year or result in death. Proof must be submitted through official medical records.
• Work Capability: Adults must demonstrate they cannot find meaningful work anywhere in the economy, regardless of job availability or current employment status.

Payment Amounts

The Supplemental Security Income (SSI) program provides monthly federal payments to elderly and disabled individuals with little or no income or resources:

• Single Person: Up to $943
• Couple: Up to $1,415
• Essential Persons (EP) Program: Up to $472

Average monthly income amounts are:

• Under 18: $814
• Ages 18-64: $742
• Ages 65 and older: $574

Using the SSI Tool

Beneficiaries with a “my Social Security account” can use the SSI tool to determine eligibility and start the application process. The tool records the applicant’s desire to apply and provides a protective filing date. The application process should take no more than ten minutes, and if approved, payments will begin on the protective filing date.

Upcoming Double Payments

Here are the upcoming double payments expected this year:

Month	Regular Payment Date	Extra Payment Date
August	Thursday, August 1	Friday, August 30
November	Friday, November 1	Friday, November 29

Dual Eligibility

Many Americans may be eligible for both Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). To qualify for both, individuals must meet the program requirements, but they do not need to submit two applications. It’s important to note that the maximum Social Security payment for SSI is restricted to two installments. If the Social Security Administration finds a person qualifies for both SSI and SSDI benefits, applications may be accepted.

Receiving ongoing Social Security payments is vital for millions of seniors, disabled individuals, and children. The extra payments in August and November will help ease the financial burden for those reliant on SSI. Knowing the eligibility requirements and utilizing available tools can streamline the application process and ensure beneficiaries receive their entitled support.

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