In 2025, some retirees in the United States could see a significant financial boost with an additional $967 in monthly income through the Supplemental Security Income (SSI) program. This program is designed to help those with limited income and resources, specifically targeting older adults, the blind, and individuals with disabilities. Here’s what you need to know to see if you qualify.
What is SSI and How Does it Work?
Supplemental Security Income (SSI) is a federal assistance program run by the Social Security Administration (SSA). Unlike regular Social Security benefits, which are based on your work history, SSI is available to individuals based on financial need. The payments aim to cover basic living expenses, making a difference for those struggling to get by.
Who is Eligible for $967 in Monthly Payments?
Not everyone will qualify for this benefit. To be eligible, you’ll need to meet specific criteria:
- Age or Disability: You must be at least 65 years old or be blind or disabled.
- Income Limits: Your total monthly income should be less than $987. This includes wages, pensions, and other sources of income.
- Resource Limits: Individual assets must not exceed $2,000, while couples are allowed up to $3,000. Assets include bank accounts, stocks, and property, although your primary home and vehicle are excluded from the count.
How to Apply for SSI
Applying for SSI is straightforward, and you have several options to get started:
- Online: Head to the official SSA website at SSA.gov.
- Phone: Call the SSA at 1-800-772-1213 to schedule an appointment.
- In Person: Visit your nearest Social Security office to apply directly.
Make sure to have essential documents ready, such as proof of age, your Social Security number, financial records, and any medical information if applying due to a disability.
When Will You Receive Payments?
Once approved, you could start receiving payments of up to $967 every month. Payments are typically sent on the first of the month, but if the first falls on a weekend or holiday, you’ll get the money the business day before. For example, March 2025’s payment will be sent on February 28, as March 1 falls on a Saturday.
Important Considerations
- Report Changes Promptly: If your income, assets, or living situation changes, you must notify the SSA right away to avoid overpayments or penalties.
- Impact on Other Benefits: Receiving SSI could affect eligibility for other assistance programs, so it’s a good idea to check with a financial advisor or the SSA to understand how it fits into your overall financial picture.
This additional $967 a month could be a lifeline for many retirees, helping to cover everyday expenses like groceries, housing, and medical bills. If you meet the criteria, don’t miss out on this valuable benefit—apply as soon as possible to secure your payments.
