This week, certain qualifying recipients will receive a double payment from Social Security. This applies if they meet specific criteria from both the Supplemental Security Income (SSI) and retirement programs. Each program has its own eligibility requirements and payment schedules. Occasionally, some individuals may qualify to receive monthly benefits from both programs.
Every month, the Social Security Administration (SSA) disburses millions in benefits to various groups, including low-income seniors aged 65 and older, disabled individuals, children in financially challenging situations, and retired workers who have fulfilled their work and contribution requirements. If you are eligible for both SSI and retirement benefits, continue reading for details on the upcoming payment dates.
Contents
Payment Schedule for July
Social Security Payment Dates
According to the Social Security payment schedule for this year, the SSA will distribute payments on five dates in July:
| Date | Recipients |
|---|---|
| July 1 | SSI recipients |
| July 3 | Retired workers, survivors, and disabled individuals (pre-May 1997) |
| July 10 | Beneficiaries born between July 1 and July 10 |
| July 17 | Beneficiaries born between July 11 and July 20 |
| July 24 | Beneficiaries born between July 21 and July 31 |
Double Payment Eligibility
Who Will Receive the Double Payment?
| Date | Recipients |
|---|---|
| July 1 | SSI recipients |
| July 3 | Retired workers, survivors, and disabled individuals (pre-1997 beneficiaries) |
| July 10, 17, 24 | Other beneficiaries according to the specified schedule |
This table outlines the payment dates for SSI recipients, retired workers, survivors, and disabled individuals who began receiving benefits before 1997, and other beneficiaries based on the mentioned schedule.
Eligibility Requirements
How Can You Receive a Double Payment?
There is a common misconception that receiving a double payment from Social Security is impossible. However, some individuals may qualify for both SSI and SSDI benefits. SSI is specifically for disabled workers and is not means-tested, whereas SSDI is for individuals who are unable to work, possess few assets, and have low incomes. Despite these differences, concurrent eligibility for both types of benefits, resulting in a double payment, is possible under certain circumstances:
- Becoming disabled at a young age.
- Earning a minimal income.
- Not working full-time for ten years before becoming disabled.
For SSI applicants, the maximum monthly countable income is $1,767 for individuals and $2,607 for couples, with a combined limit of $3,000 for couples and $2,000 for singles. Combining SSI and SSDI benefits can have a significant impact on overall income, especially if SSDI payments are low due to limited earnings.
Additional Benefits Programs
Other Benefits You Might Be Eligible For
- The Supplemental Nutrition Assistance Program (SNAP) aims to aid low-income individuals in purchasing groceries, offering an average monthly benefit of $105 to older adults. Despite this, about half of those eligible choose not to enroll, resulting in an estimated 5 million people not receiving food assistance.
- Medicare Part D Low-Income Subsidy (LIS), also known as Extra Help, reduces out-of-pocket pharmaceutical costs for Medicare beneficiaries, saving an average of $5,300 per beneficiary annually. According to data from the NCOA, 2 million eligible individuals do not take advantage of this subsidy, leading to $10.6 billion in unclaimed benefits each year.
- Medicare Savings Programs cover the monthly Part B premium for qualifying individuals. The NCOA reports that 2 to 3 million eligible persons are missing out on this assistance, which totals $5.94 billion in unclaimed payments. Eligible beneficiaries can receive up to $174.70 per month until 2024.
FAQs
What are the maximum monthly countable income limits for SSI?
Who receives Social Security payments on July 3rd?
Social Security payments on July 3rd are received by retirees and recipients who started receiving payments before May 1997.
Can you receive both SSI and SSDI benefits?
Yes, you can receive both SSI and SSDI benefits if you meet specific eligibility criteria, such as having minimal wage employment or not working full-time for ten years before becoming disabled.
Besides the Social Security double payment, what other benefits can you apply for?
In addition to the Social Security double payment, you can apply for SNAP (Supplemental Nutrition Assistance Program), Medicare Part D Low-Income Subsidy, and Medicare Savings Programs.
How often does the SSA deliver payments in July?
The SSA delivers payments five times in July.u003cbru003eUnderstanding the eligibility requirements and payment schedules for Social Security benefits is crucial to ensuring you receive all the benefits you’re entitled to. You can be qualified for an additional payment if you meet the requirements for both SSDI and SSI. Additionally, programs like SNAP and Medicare subsidies can offer further financial support. Stay informed about these requirements to maximize your benefits.