Who Qualifies for the $600 SSI Boost? Eligibility Explained

26% + 32% + $132 For Social Security, SSDI, SSI

• More Money: People who get Social Security, SSDI, and SSI will receive more money.
• Cost of Living: The cost of living is going up by 3.2%. This means things might cost a bit more, but Social Security payments will increase by 26% to help with this.
• Payment Details: The payment will include 26%, 32%, and an extra $132.

Why does this need to change?

To help people keep up with the rising cost of living, the government is raising Social Security funds. To make sure people have enough money for their wants, they chose to give a bigger raise this year.

ssa.gov 26% + 32% + $132 For Social Security 2024

The group that gives out Social Security benefits is called the Social Security Administration (SSA). Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) are also paid out. The Stimulus Checks, on the other hand, are given out by the Internal Revenue Service (IRS). People who are at least 62 years old can get Social Security. For this to work, you need to have worked for 35 years or more.

A fixed income can be given to retired people who are ill or who served in the military by Social Security. This keeps their pay steady even after they stop working. This money comes from the government to help them. They need to do certain things to get this money. The bonus will be added to their account once all the conditions are met. These extra funds can assist them in meeting their daily needs and make their lives more pleasant.

Must Read: Social Security: $600 SSI Increase Announced, Start Date Revealed

$132 Social Security Benefits 2024

The money you get from Social Security will go up by $132 in 2024. This extra cash is meant to assist individuals in covering important costs such as medical treatments and food. It’s tough for many people to pay their bills because prices keep going up and living costs are high.

To help, the government is raising monthly payments by 26% and making up for the cost of living going up by 32%. People will get more money to help them with their daily needs because of these changes.

But some people still have trouble making ends meet on their fixed income, even with these changes. To help, the government will put extra money straight into people’s bank accounts.

You don’t have to do anything else to get the extra money if you already get Social Security. It will come to you right away and on its own.

This action shows that the government cares about people, especially those who are having a hard time with money. The goal is to make life a little better for everyone by giving more help through Social Security benefits.

Who is Qualified for Social Security Payments?

600 SSI Increase: Who Qualifies for This Boost in Social Security Income? https://t.co/oBWpGxo9Br

— Newsd (@GetNewsd) June 9, 2024

There are some requirements you must meet to get Social Security payments. This is what you need to know about who is eligible:

• Residency: You must live in the United States by law.
• Age: You must be at least 62 years old to qualify.
• Disability: If you are disabled, you can get payments from both SSI (Supplemental Security Income) and SSDI (Social Security Disability Insurance).
• Income Limits: You must meet the income limitations set by the program.
• Requirements: You need to fulfill all the requirements mentioned above to get the benefits.
• Social Security Number: You must always have your Social Security Number with you.

• 26% + 32% + $132 Payment Dates 

  Here below in the table, we have mentioned the payment dates. You can check on which date you are going to receive the payment

  Date of Birth of beneficiary	Payment Date
  1st and 10th	June 2024 (2nd Wednesday)
  11th and 20th	June 2024 (3rd Wednesday)
  21st and 31st	June 2024 (4th Wednesday)

• 26% plus 32% plus $132 to check the facts about Social Security

  The Social Security Administration (SSA) has said that payments from Social Security will be made on the dates listed in the official plan. That being said, the SSA has not yet agreed to a payment increase of 26% + 32% + $132 for Social Security. Here to check the facts click on this: fact check.

  FAQs

  When will I receive these two payments?

  As per the latest update, you may receive these payments in June and every individual will get the amount according to their birth date.

  Who will become beneficiaries of the $600 & $300 Social Security Increase in June 2024?

  Those who come under the SSI and SSDI categories will get these two amounts.

  Is there any effect on regular Social Security Payments?

  No, it will not affect ongoing payments.