People who are eligible to receive Supplemental Security Income generally understand how crucial these benefits can be. That money makes it possible for certain people to at least partially cover living expenses and care costs when they are unable to work and do not qualify for Social Security disability benefits.
While the money available for SSI is not going to make anyone rich, it can allow recipients to live a better life and be able to secure basic needs. Many people wonder just how much money they may be eligible to collect through SSI and how that amount is established.
Beginning in January of this year, the Social Security Administration has calculated the monthly federal maximum amount for SSI to be $733 per month for eligible individuals. This works out to be roughly $8,800 per year. An eligible couple can receive a maximum of $1,100 a month, or just over $13,000 per year. These amounts are slightly more than they have been in previous years because of the cost-of-living increases.
Not every eligible person will receive these amounts. They are the maximum amounts a person or couple can receive. The SSA takes a number of factors into consideration when determining how much a person can receive, including a person’s living situation and countable income.
Even though $733 per month may not sound like a lot, it can prove to be crucial for people who are in need and suffer from a qualifying condition that compromises their ability to work.
When it comes to SSI payments and either applying for them or appealing a decision by the SSA, legal support can prove to be crucial. Every person has the right to explore their options with an attorney in order to pursue the compensation that may be available.