Personal Finance

SSI Payment May 2024: Schedule and Benefits

The Social Security Administration (SSA) disburses monthly Social Security benefits to claimants, ensuring timely payments and supporting those with disabilities and low income.

SSI Payment May: Another round of Social Security benefits will be disbursed to claimants around the country as a new month approaches.

The Social Security Administration (SSA) pays benefits every month to those over 65, those with impairments, and the surviving family members of claimants who have passed away. But because there are many claimants and types of payments, some claimants don’t get their money on the same day every month.

Most people who claim Social Security do so for retirement benefits. However, old, blind, and disabled people with few or no assets and low income can also get Supplemental Security Income (SSI). SSI funds can also help retirees whose regular benefits might not be enough to cover their costs.

Benefits from SSI May 2024

Your SSI payment for May 2024 should arrive by mail or direct deposit if you get payments from SSI on Wednesday, May 1st, 2024. On May 1st, 2024, beneficiaries who get their benefits through direct deposit or a Direct Express® card should find their May 2024 benefit funds in their account (or on their card). The SSA highly advises setting up a direct payment or getting a Direct Express® card so that you can receive your benefits right away.

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When can you get extra Social Security benefits in May 2024?

SSI is different because it doesn’t follow the normal plan for Social Security Administration benefits. Most people who get SSI will get their monthly check on the first of the month, no matter what day it is as long as it’s a work day. People who get SSI, on the other hand, will get their money on Friday if the first of the month is a Saturday or Sunday.

Social Security funds are paid out at different times for different people, depending on their date of birth.

Here is how Social Security payments will be made in May 2024:

  • If your birthday is between January 1 and May 10, the SSA will give you your check on May 8, which is the second Wednesday of the month.
  • If you were born between May 11th and May 20th, the SSA will give you your payment on May 15th, which is the third Wednesday of the month.
  • If you were born between May 21 and May 31, the SSA will send you your benefit payment on May 29 (the fourth Wednesday of the month).

You need to keep in mind that if you are getting survivor’s benefits, the date on which your benefit money is supposed to come each month depends on the date of birth of the principal recipient.

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Dates of May 2024 SSI Payments

No one needs to worry about their May 2024 SSI payment. SSI benefits will be sent to you on May 1, 2024. Here are the times that Social Security will pay out in May 2024:

May 1: If you get Supplemental Security Income (SSI) from the Social Security Administration, you will get your May 2024 Social Security check on Monday, May 1.

May 3rd: If you meet one of the following conditions, you will get your May 2024 SSI payment on Friday, May 3rd:

In other words, you live somewhere outside of the United States.
SSI benefits are added to your Social Security payments.

  • Your state covers the cost of your Medicare premiums.
  • Prior to 1997, you applied for Social Security benefits.

Dates of Payment for the More “Regular” in May 2024 Benefits from Social Security

On the following dates, Social Security benefit checks for recipients of Social Security retiree benefits, disability benefits, survivor’s benefits, and other non-SSI benefits will be issued in May 2024:

May 8th: On Wednesday, May 8th (the second Wednesday in May), if your birthday falls between the first and tenth of the month, you will receive your Social Security payment for May 2024.

May 15th: If your birthday is between May 11th and May 20th, 2024, your Social Security payment will be sent on May 15th, 2024, which is the third Wednesday in May.

Wednesday, May 22, 2024, is the fourth Wednesday in May. If your birthday is on or after May 21, 2024, you will get your May 2024 Social Security payment on this day.

Eduvast Desk

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