The Social Security Administration (SSA) has made several key announcements regarding Supplemental Security Income (SSI) that recipients should be aware of. From changes in payment dates to significant policy updates, these changes could impact your benefits and how you receive them.
Early Payment
If you’re an SSI recipient, take note: your September payment will arrive early. Since September 1, 2024, falls on a weekend, the SSA has rescheduled the payment date to August 30, 2024. This means you’ll get your money two days earlier than usual. To ensure a smooth transaction, it’s recommended to use direct deposit rather than relying on a check by mail, which can be delayed.
Policy Updates
The SSA has announced significant policy changes that will take effect on September 30, 2024. One of the most notable changes involves expanding access to the SSI program. The SSA plans to update the definition of a public assistance household, which could potentially broaden the pool of eligible recipients.
Another crucial update is the expansion of the Rental Subsidy Policy. Currently, this policy is only available in a few states, but starting September 30, it will be rolled out more broadly. This change aims to provide additional financial support to SSI recipients who are paying rent.
Removing Barriers
In an effort to make SSI more accessible, the SSA will also implement changes to the In-Kind Support and Maintenance (ISM) calculations. ISM includes non-cash assistance, such as food or shelter, which could previously reduce your SSI benefits. However, under the new rule effective September 30, 2024, food will be omitted from these calculations. This means that if you receive food support from family, friends, or the community, it won’t count as unearned income and won’t reduce your SSI benefits.
This change is expected to alleviate some of the burdens on Social Security workers while providing more accurate benefit calculations for recipients. By excluding food from ISM, more people could qualify for SSI, and current beneficiaries may see an increase in their benefits.
These updates represent a significant step towards making SSI more accessible and fair for all eligible recipients. Whether you’re currently receiving SSI or considering applying, these changes could positively impact your financial situation.
FAQs
When will the next SSI payment be issued?
It will be issued on August 30, 2024.
Why is the SSI payment date moved to August 30?
September 1 falls on a weekend, not a business day.
What policy updates will take effect on September 30, 2024?
Expanded access to SSI and updated Rental Subsidy Policy.
Will food be considered in ISM calculations?
No, food will be omitted from ISM calculations starting September 30.
How can I avoid delays in receiving my SSI payment?
Opt for direct deposit instead of a check by mail.
