SSI benefits would be boosted up to 140 US Dollars by 33 states. The payment boost received approval and the benefit checks would be issued on December 30.
The range of the payment boost would reportedly be between 73 US Dollars and 140 US Dollars based on whether it is a state payment or federal payment.
The 914 US Dollars federal payment would be more by 73 US Dollars than the initial payment of 841 US Dollars which was mailed out on the first day of this month.
In the light of an approximated analysis, around 70 million U.S. citizens would be able to see an increase of 8.7% in their Social Security benefits and SSI payments in the upcoming year of 2023.
The CPI – W (the Consumer Price Index) released by the Department of Labor measures that the federal benefit rates are directly proportional to the cost of living. That means that when the cost of living increases there would be a hike in the federal rate benefits and vice versa.
The CPI – W is also directly proportional to the graph of inflation. What this means is when there is an increase in inflation the CPI – W also increases. This would ultimately lead to resulting in a higher cost of living.
This change could be understood in a way that, the prices to be paid for goods and services would be higher, on an average basis. These costs could be offset by the cost of living adjustment (COLA).
For a higher number of citizens, the SSI only is deemed as not sufficient enough to pay for their basic necessities. Although many of the states supplement the checks.
Many of the beneficiaries of the Supplemental Security Income (SSI) could expect to receive this payment boost.
Who All Are Eligible Recipients Of The Program?
The program comes as a relaxation for a particular group of senior citizens facing financial crises.
Any citizen can apply for SSI, but everyone would be receiving different amounts. There are a few mandatory regulations that one has to meet in order to fall under the special categories.
SSI Amounts For The Year 2023:
- Any eligible individual satisfying the conditions can receive 914 US Dollars
- Any eligible individual an eligible spouse can receive 1371 US Dollars
- An essential person can receive 458 US Dollars
- The average increase is calculated in an amount of 140 US Dollars
- The average increase is calculated in percent at 8.7 percent.
You would be eligible to claim the payment boost if you are:
- A legal citizen of the U.S.
- A resident of a region under the U.S.
- A citizen of one of the United States’ 50 states
- A resident of the District of Columbia
- A resident of the Northern Mariana Islands
- Exceptions in this category:
- Children of military parent (s) who are assigned on permanent duty outside the U.S.
- Selected students who are temporarily residing abroad
- Exceptions in this category:
- Above 65 years old
- A disabled or blind adult
- A have disabled or blind children
- Should not have any other alternative source of income
- Wages
- Pensions
- Other Social Security benefits
- Should not have someone else covering their financial needs
- The household expenses are not paid by someone else.
- Not living in with a spouse who has an income of their own.
Which All Are States That Provide Supplemental Payments?
The states are classified into the following categories such as states under no state supplement, states under Social Security administered supplement and states under state-administered supplement.
The list of states under respective categories are:
States with No State Supplement:
- Arkansas
- Arizona
- Tennessee
- Mississippi
- North Dakota
- Northern Mariana Islands
- West Virginia
States With Social Security Administered Supplement:
In the states under this category, some of the categories of the state supplement payments would be administered by Social Security. The categories of supplemental payments that do not fall under this would be administered by the states.
- California
- Delaware
- Hawaii
- Iowa
- Montana
- Michigan
- New Jersey
- Nevada
- Pennsylvania
- Rhode Island
- Vermont
- Washington, D.C.
Must Read:- COLA Social Security Increase For 2023 Explained
States With State-Administered Supplement:
In the states under this category, the amount of the supplemental payment differs by state. New York is the state that would reportedly be offering an extra 87 US Dollars on a monthly basis for individuals. The eligible couples of these states would be receiving 104 US Dollars on a monthly basis.
The situation in Alabama would be different. In Alabama, eligible couples can get a boost of 120 US Dollars per month.
The list included below contains the names of the states that would pay and administer their supplemental payments on their own. This is in addition to the monthly payment under the federal category by the SSI.
- Alabama
- Alaska
- Colorado
- Connecticut
- Florida
- Georgia
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Minnesota
- Missouri
- Nebraska
- New Hampshire
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- South Carolina
- South Dakota
- Texas
- Utah
- Virginia
- Washington
- Wisconsin
- Wyoming
The SSI state supplements and the federal benefits would be issued at the same time. The beneficiaries could expect the boost payments on the first of almost all months except for the schedule of the month of December.
Recipients who usually get a paper check could expect their payments to be received within the fourth of the month.
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