A new Supplemental Security Income (SSI) payment is on its way, one of the most important benefits distributed to millions of American citizens, and it is worth clarifying some points that may cause confusion because, in general, it is not the same as Social Security benefits or disability benefits (SSDI) for workers.
Again, it is not the same as Social Security (which you can get if you work and pay taxes), but it is intended for people with very little income and almost no resources (such as property, savings, etc.). The goal is to provide basic necessities such as food, rent, and medicine to ensure a comfortable lifestyle.
But be careful: it is not a set amount for everyone. It is determined by your financial situation, where you live, whether you have a partner, and whether someone provides you with care. Let’s get into more detail about this program, which pays a portion of the 7.4 million recipients covered by the Social Security Administration.
How is the SSI payment that you could access calculated?
SSI works as follows: the government gives you money each month, but deducts a small amount based on what you earn or receive from other sources of aid. For example:
- If you work part-time and earn $300, they don’t deduct that full $300. Only half remains (that is, $150).
- If someone gives you free accommodation or food, that can also reduce your payment (it’s called In-Kind Support).
To be eligible, your resources (e.g., bank accounts, second car) must not exceed $2,000 for singles or $3,000 for married individuals. But do not worry! Your house and car do not count.
The maximum SSI benefit payment is divided into three categories:
- Individual: $967 per month. If you have no income or help from anyone, this is the most you would receive. But if you earn something, like $200, $100 (half) would be subtracted and your SSI would be $843.
- Couple: $1,450 per month. This is for two people who are both eligible (for example, two adults with disabilities). If one works or receives other income, the total is adjusted.
- Essential Person Payment: $484 per month. This is the most curious. If you live with someone who helps you survive (such as a caregiver who assists you with your disability), that person can receive this additional payment. But keep in mind that it is automatic: you have to prove that that person is essential for your well-being.
These figures are federal. Some states, such as California or New York, may impose additional requirements for programs that are not under federal control.
Why doesn’t everyone get the maximum?
Assume Mary, a retiree, receives $500 from her pension and lives with her son, who provides her with free food. The government would deduct $500 from your pension and classify your child’s room and board as “in-kind support,” which equates to approximately $300 per month. So, the $500 is subtracted first from the $967, followed by the $300, resulting in an SSI payment of $167.
