October SSI Benefits Overhaul 2024: Check New SSI Rules & Detailed Key Changes

SSI Benefits Overhaul 2024: Supplemental security income- SSI for October 2024 has been released on 1st October for this month to all the beneficiaries in the country who are getting monthly Payment from the SSA. Citizens in the country who have crossed the age of 65 should know about the Federal government sponsored SSA programs which are very helpful for senior citizens and disabled citizens in the country so they can manage their personal expenses and medical expenses by using such payments. We are providing you the comprehensive detail of the SSI benefits in October 2024 including what is the latest eligibility criteria, new SSI rules, application procedure, monthly payment etc.

Social security administration is Managing multiple programs in country for low income citizens in the country who are unable to manage daily living expenses due to their low income and high level of inflation in the country. SSI Program is Design for seniors in the country who have cross the age of 65 and cannot earn through the work due to their disability and weakness. All citizens living in different states of America are eligible to apply for the program. However they need to fulfill the certain eligibility criteria such as do not earn more than the income limits and have only limited assets according to the new eligibility rules. After that senior will get their monthly payment by the social security administration at the starting of each month.

SSI Benefits Overhaul 2024: Check New SSI Rules

You are going to apply for getting  supplemental social income- SSI  then you should check the new rules and eligibility criteria to receive the monthly payment which are mentioned in this section.

• Only citizens of USA are eligible to apply for the SSI monthly payments. However it is important to not leave the state of USA for 30 days continuously in a year. otherwise you may face difficulty for getting payments 
• The age of the applicant should be at least 65 years old to be eligible for receiving the SSI payments.
• The program is prepared only for Aged, blind or disabled citizens in the country who are not able to do daily life tasks and affecting their working capacities, so they can apply for SSI payment.
• Earnings of the applicant is very important as if you are earning more than the income limit then you will get reduced payment. All the beneficiary is eligible to earn less than $65 per month which will not be included to decided the income limit. After date if you are single applicant then you should earn less than the $794 per month and If you are applying as a couple then should not earn more than $1,191 per month.
• Apart from the income limit, you should not have assets of more than the value of $2000 for individual applicant and should not be more than $3000 for couples.

In-Kind Support and Maintenance (ISM) Rules

In the past, people receiving SSI benefits who also got casual food help from non-government sources, like family, friends, or charitable organizations, saw their SSI payments reduced. This was because the Social Security Administration (SSA) considered the food they received as a form of income.

How ISM Rules Affect SSI Benefits

Under the current system, if someone gets food from these non-government sources, it’s counted as income. As a result, their SSI benefits are decreased. This is because the SSA views the food as a form of support that reduces the person’s need for cash assistance.

These ISM rules can have a significant impact on SSI recipients who rely on casual food help to get by. By reducing their SSI benefits, they may struggle to make ends meet, even though they’re still receiving some support from non-government sources.

SSI Payment Dates October 2024

The payment for SSI beneficiaries is released at a starting days of the month usually first of each month. However you the holiday Is Falling On The first day of a month, then they will release payment earlier in the last working day of the previous month. 1st September was the scheduled date for releasing the SSI payment, but due to Sunday on 1st September, authority release their payment on Friday, 30 August 2024. The October payment has also released on 1st October and the next payment will be Released on 1st September 2024. You can check the following table to get the schedule of the SSI payment dates in 2024

So if you are eligible to get the payment then can apply to online mode by using your social security number where you need to provide your tax information and other details, the authority will verify your details accordingly and release your payment from the next month. 

Fact Check

Most deposits for government programs will vary based on individual circumstances, including income, work history, and eligibility. To avoid becoming a victim of misinformation, always verify claims through official government websites or consult a financial advisor. The article is based on news and data. It is advised not to use this article as professional advice for use. For accurate information, refer to the official website.