SSI recipients will be pleased to hear that they can expect two payments in the month of April.
The average payment is worth $621 for recipients, and that’s with the 5.9% COLA increase.
The most a person collecting SSI can see is $841 per month.
The reason for the change in payments in April is because of a holiday schedule.
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This is because the payment for May falls on a Sunday, so it needs to happen in April.
This makes it so recipients will see a payment on Friday, April 1 and Friday, April 29.
Social Security recipients will see their payments on the regular payment dates.
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Who can get SSI payments?
SSI is for elderly, blind, and/or disabled people with little to no income.
To qualify you cannot have over $2,000 in assets.
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For couples it rises to $3,000.
Some assets are exempt according to the SSA.
This includes life insurance policies worth less than $1,500, a vehicle, burial plots, burial funds worth up to $1,500, and the home and land you own where you reside.
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