Social Security Supplemental Income 2022 – Exact date for next check revealed after double payment

PEOPLE who receive Supplemental Security Income may be surprised to learn when they should expect their next check.

In fact, those relying on SSI won’t be getting benefits in May.

The payment schedule is impacted because the first of May (the date SSI benefits are normally sent out) landed on Sunday.

When the first of the month falls on a weekend, benefits are issued the Friday before, so SSI claimants got double benefits in April worth up to $ 1,682.

Benefits were paid out on April 1, and April 29, and a May payment isn’t on the horizon.

There won’t be another payment until Wednesday, June 1.

Read our Supplemental Security Income live blog for the latest news and updates …

  • COLA’s impact on seniors

    The latest data on inflation from the Bureau of Labor shows that consumer prices rose 5.4 percent in the year to September – a troubling trend for seniors relying on Social Security checks.

    Typically, inflation triggers when the supply doesn’t meet the demand – resulting in rising prices across the economy.

    Everything in necessities from food to gas has gotten much more expensive.

    Furthermore, the Congressional Research Service projects Medicare Part B premiums will spike from $ 148.50 to $ 157.70 per month.

  • Can you select your representative payee?

    Only the SSA has the authority to designate a representative payee to handle payments for someone who is unable to do so for themselves, such as a minor, a person with a significant physical disability, or an older adult with cognitive impairments.

    You can, however, choose up to three people ahead of time to act as your payee in the event that the need arises, according to AARP.

  • What is a representative payee?

    A representative payee is a person or institution designated by Social Security to administer benefit payments on behalf of someone who is unable to do so on their own, such as a minor child, a seriously incapacitated person, or a retiree with advanced dementia.

    According to AARP, around 5million Social Security claimants (or 7.7 percent of the total benefit population) have representative payees as of December 2020.

  • Can you get Social Security while working?

    Yes, you may collect Social Security payments while still employed.

    You can work and earn as much as you like once you’ve achieved full retirement age and still receive full benefits.

    Your benefits will be temporarily lowered if you are beneath the age of full retirement.

    The money, on the other hand, is not lost.

    When you reach full retirement age, Social Security will credit it to your record, resulting in a greater benefit.

  • How much do you pay toward Social Security?

    Workers contributed 6.2 percent of their earnings into Social Security up to $ 142,800 in 2021 and $ 147,000 in 2022.

    Employers also contribute 6.2 percent.

    Self-employed individuals must pay both components of the tax or 12.4 percent.

  • Stopping Social Security payments

    The SSA is unable to pay benefits for the month in which a person dies.

    That implies that if the individual died in July, the August check must be returned.

    If the payment was made by direct deposit, please tell the financial institution as soon as possible so that any payments made after your death can be returned.

    When a person receiving Social Security benefits dies, family members may be eligible for survivors payments.

  • Reporting the death of a SS beneficiary

    The death of a family member receiving Social Security or Medicare benefits must be reported.

    Both are processed by the Social Security Administration (SSA).

    To report a death, follow these steps:

    • Give the funeral director the deceased person’s Social Security number so that the SSA can be notified of the death.
    • Make an appointment with your local Social Security office. To file a report, call the SSA’s mainline at 1-800-772-1213 (TTY 1-800-325-0778).
  • SSI rules if you are divorced

    An ex-spouse may be eligible to receive your Social Security benefits, so it is important to know these important rules:

    1. Ex-spouses are eligible to receive your benefits
    2. The maximum spousal benefit is 50 percent of whatever your ex-spouse will collect at their full retirement age
    3. Your ex-spouse is eligible to receive retirement benefits on your record even if you have not applied yet
    4. Getting married again may affect your Social Security benefits
  • Losses from scams

    Victims can suffer huge losses, in one example a 74-year-old liquidated more than $ 500,000 in retirement savings after he had been threatened with arrest.

    The government has been able to recover some money before it was too late.

    Officials also managed to intercept a package earlier this year while it was en route to a fraudster which contained $ 20,000 in cash after a victim reported it.

  • How many scams were reported?

    There were more than 568,000 reports of Social Security-related scam attempts last year, which amounted to over $ 63.6million in losses to the victims, according to the agency.

    It has already received more than 31,000 Social Security-related scam complaints this year.

    Many more incidents possibly go unreported due to shame or embarrassment, government officials say.

  • Reporting Social Security scams

    If you suspect an email you got from the Social Security Administration may be fraudulent, you’re urged to avoid responding or clicking on any links in the message.

    The SSA said you should report the email by forwarding it to the US Computer Emergency Readiness Team (US-CERT) at phishing-report@us-cert.gov.

  • Avoiding Social Security scams

    The Social Security Administration said Americans can avoid fraudulent calls and internet “phishing” schemes by not revealing personal information, clicking malicious links, or opening suspicious attachments.

    The agency said most emails from Social Security will come from a “.gov” email address.

    If an email address does not end in “.gov”, use caution before opening attachments or clicking on pictures or links.

    You can learn more about how to protect your personal information and online account on the administration’s security webpage.

  • Executive order, part three

    While the order should be positive for benefit claimants across the US, it’s not yet clear when the measures will be implemented.

    The move by the White House came ahead of the holiday schedule of government benefits that was sent to eligible Americans.

  • Executive order, part two

    A portal for Medicare claimants is also in the works that will target ways they can save money on healthcare and drugs.

    “You should be able to apply for Social Security benefits without needing to go to a Social Security office and have Medicare proactively reach out to you with the tools you need to manage your health and save money,” Mr Biden told reporters ahead of signing the order.

    Other Americans who get benefits such as food stamps will also find it easier to receive them and to confirm their eligibility and income, Bloomberg reported.

  • Executive order on benefits

    Americans could get their hands on Social Security, food stamps, and other government benefits faster under a new executive order.

    Signed by President Joe Biden late last year, the order will require the Internal Revenue Service (IRS) to call back Americans rather than placing them on hold.

    Social Security benefit seekers will also get a new online tool that aims to cut waiting times.

  • Why does COLA increase?

    COLA adjusts for inflation, which has surged 5.4 percent since September due to high consumer demand.

    The change in inflation means retired workers can expect to see a boost of $ 92 on average, bringing their monthly benefit from $ 1,565 to $ 1,657.

    Furthermore, the maximum Social Security benefit in 2022 will be $ 4,194.

    And the maximum amount of earnings subject to the Social Security tax will increase from $ 142,800 to $ 147,000.

  • When is next year’s COLA determined?

    The 5.9 percent increase for 2022 was determined on October 13, 2021.

    The next COLA increase for 2023 will be determined in October 2022.

  • Types of Social Security benefits

    Social Security benefits are yearly payments made to elderly Americans as well as individuals with disabilities.

    However, there are three different types of Social Security benefits:

    • Retirement benefits
    • Surviors benefits
    • Disability benefits
  • When were SSI payments established?

    SSI payments began in January 1974.

    In the 50 states and the District of Columbia, SSI superseded the previous federal-state adult assistance programs.

    Each person who qualifies for SSI receives a monthly cash payment based on a statutory federal benefit rate.

    Since 1975, these rates have risen by the same amount as OASDI benefit cost-of-living adjustments.

  • Inflation fears, continued

    Some retirees don’t think they’ll be able to cover Medicare costs despite the COLA bump.

    Medicare’s Part B monthly premium for 2022 will increase from $ 148.50 to $ 170.10. The $ 21.60 jump is the largest price hike in the program’s history.

    Part B of the package covers doctor visits and other outpatient services like screening.

    When the price hike was announced, Centers for Medicare & Medicaid Services (CMS) officials stressed that the 14.5 percent increase would be covered by this year’s COLA.

  • Inflation fears

    Some beneficiaries are already fearing that despite the cash boost, the payments will not be able to cover the costs of inflation.

    Inflation rose by 6.8percent between November 2020 and November 2021.

    One person tweeted: “Ya, I got a whole 30 $ raise that will help with the cost of everything rising lol.”

    Another commented: “My Social Security only went up $ 52 that doesn’t even help me pay for my gas bill.”

  • How many people receive SSI?

    According to the Social Security Administration, about 7.8million people in the United States received SSI payments in July 2021.

    The majority, 4.4million people aged eighteen to sixty-four, were seniors, 2.3million were children and teenagers, and 1.1million were children and teens.

    Each of these groups’ average monthly benefits differed significantly.

  • How are payment reductions determined?

    Monthly countable revenue is subtracted from the total monthly amount.

    The sum payable is shared evenly between the two spouses in the case of an eligible individual with an eligible spouse.

    SSI payments are supplemented in several states.

  • Supplement provided by Social Security

    Some types of state supplement payments are administered by the Social Security Administration in these states, while others are administered by the state:

  • States without supplemental payments

    The following states do not provide funds in addition to the federal SSI payment:

Leave a Comment