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…
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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.
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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…
