What will the SSI checks be worth in 2023

Couples will receive $1,372 per month and individuals $914. Depending on your state of residence, whether or not you share a home with someone else, and whether you earn additional income, you may be eligible for fewer benefits.

SSI: 2023 benefit amounts

Social Security Administration administers Supplemental Security income. The Social Security Administration (SSA) determines the benefit amount for each calendar-year and increases it based on the same formula of cost-of-living adjustments used to calculate Social Security retirement benefits. Benefit amounts for 2023 will be 8.7% more than those of 2022.

The SSI benefits for 2023 will be:

The majority of states offer programs to supplement SSI payments with extra payments. (Arizona and Arkansas do not, nor Tennessee, North Dakota, Tennessee, West Virginia, North Dakota or the Northern Mariana Islands). Social Security Administration may administer these payments in some states. The details of these programs differ by state.

SSI Eligibility Rules

SSI is usually available to people who can answer both questions.


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1. 
   Do you have a disability or age 65 and older?
   

2. 
   Are you limited in income or resources?
   

Even if their parents are working, children under the age of 18 with disabilities may qualify for SSI.

You can also:

• A U.S. Citizen or National is required. Non-citizens who meet certain alien classifications but do not have an active deportation warrant or removal order may qualify.

• You must be a permanent resident of one of the following: a U.S. State, District of Columbia, or Northern Mariana Islands. The area must be your home for at least a month, or 30 days.

• You can’t live at the expense of the government in a prison, hospital or another institution.

• You must apply for all benefits for which you are eligible. If you qualify for Social Security retirement, then you cannot delay your application to receive SSI in order to later collect a higher retirement benefit.

• You must file an application SSA can request your financial records.

Does income impact SSI payments?

Your monthly income cannot be higher than your SSI monthly benefit.


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SSI benefits are reduced by the amount of your countable income that is less than the monthly SSI payment. If your monthly countable income was $600, then your SSI would be $314 ($914 – $600 ).).

Four types of income are countable:

1. Income

3. Income in kind

4. Assumed income

The state’s educational grant and additional income based on need, for example, does not count


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. These are usually not included. Included in the exclusions are tax refunds, SNAP benefits and earnings up to $2.220 per student per month ($8,950 maximum per year).

The first $65, of income earned, is not countable. Only half of the income earned above that amount is countable.

How do SSI benefits and limited resources affect each other?

If you have cash, stocks or other personal property worth over $2,000 (or $3000 for couples), or if these items “could easily be converted to cash for use in food and shelter,” then your SSI application will likely not qualify.


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There are some resources that don’t count towards the maximum. Examples include:

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  The house in which you reside.
  

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  If you are using it as a vehicle for transportation, then
  

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  Home goods
  

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  The wedding ring.
  

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  Life Insurance Policies Worth $1,500 and Less.
  

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  Burial plots.
  

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  The items you use at work or for business.
  

Does your living situation impact your SSI?

The Social Security Administration may reduce your benefits by as much as a third if you share a home with others


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. Examples of how your benefits can be reduced include:

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  If you live in another person’s house, they do not charge rent to you or only charge below market rates.
  

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  A family member pays for your share of household expenses such as electric bills or other similar costs.
  

• 
  A friend of yours owns a house, and he doesn’t charge rent.
  

You may be able to reduce your SSI benefits by changing the way you live. The reductions in SSI benefits are not always dollar-for-dollar, and can also be complex. To better understand your situation, you can make an appointment to speak with a Social Security Administration representative.

When can I expect to receive my SSI payment?

Every month, checks are sent out the first. The Social Security Administration will issue payments if the first day of the following month is a Saturday.

Are you eligible for SSI or Social Security Disability Benefits?

You can say that.


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. The first 20 dollars of a Social Security disability or retirement benefit do not affect SSI. Each dollar above that amount is considered countable income. If you receive a monthly $500 retirement benefit, and have no other income to count, then $480 (500 minus $20) will be taken off the full SSI amount.