Every month, the Social Security Administration (SSA) delivers funds to numerous individuals across the United States, encompassing retired workers as well as recipients of disability benefits like Social Security Disability Insurance and Supplemental Security Income. As we approach the end of June, the SSA is diligently making arrangements to dispatch payments for the month of July. Here are the precise amounts and scheduled dates for these benefit payments.
Earlier this year, the Social Security Administration (SSA) unveiled that due to an 8.7% increase in the cost-of-living adjustment, the average retiree payments rose to approximately $1,827 as of January. Notably, individuals who choose to retire at age 62 can receive a maximum benefit of $2,572 per month, while those retiring at full retirement age (67) can anticipate $3,627 per month. For those who retire at age 70 or later, the maximum benefit reaches $4,555 each month.
2023 Social Security Payments: What Amounts Can You Expect Monthly?
Turning to Supplemental Security Income (SSI), the average recipient payments hover around $650 per month. However, it is worth noting that for one person, the maximum monthly SSI benefit can reach up to $914, while for a married couple where both spouses are eligible for the program, the maximum benefit extends to $1,371.
As per the Social Security Administration (SSA) schedule, Supplemental Security Income (SSI) payments are typically sent out on the first day of each month. However, if the first day falls on a weekend (Saturday or Sunday), payments are instead mailed on the preceding Friday.
Social Security Payment Schedule for July 2023: Timely Mailing Dates for $1,800 Checks
For recipients who began receiving their Social Security payments before May 1997, payments are issued on the third day of each month. Whereas, the mailing dates for the rest of the Social Security checks are determined based on the beneficiary’s date of birth, as follows:
- Second Wednesday of the month: Recipients born between the 1st and 10th
- Third Wednesday of the month: Beneficiaries born between the 11th and 20th
- Fourth Wednesday of the month: Beneficiaries born between the 21st and 31st
With this schedule in mind, the exact mailing dates for Social Security payments in July 2023 are as follows:
July 3: Payees who started receiving payments before May 1997- July 12: Beneficiaries born between the 1st and 10th
- July 19: Beneficiaries born between the 11th and 20th
- July 26: Beneficiaries born between the 21st and 31st.
If a payment is not received on the expected date, the recipient is advised to wait three additional mailing days before contacting the Social Security Administration. If the payment is still not received, the recipient can reach out to the SSA at 800-772-1213. It’s recommended to call during shorter wait times, which are typically Wednesday through Friday and between 4 p.m. and 7 p.m. on weekday afternoons.
The SSA provides a schedule of Social Security payments calendar online, which can be accessed in this official website. This calendar shows the payment dates for Social Security and SSI benefits.
Will I receive a Social Security payment in July? Yes and no: Here’s the explanation
As previously mentioned, individuals enrolled in the SSI program typically receive their payments on the first day of each month. However, when the first day falls on a weekend, payments are sent in advance. This circumstance is applicable for the month of July.
Due to July 1st falling on a Saturday, the SSI payment for that month is advanced and sent on June 30th. Consequently, SSI recipients received two payments in June but do not have a scheduled payment for July.
Your Social Security payments’ schedule in August 2023
Looking further ahead, in the month of August, on the 1st of that month you are going to receive the Supplemental Security Income (SSI) payments, if nothing extraordinary happens that causes a particular delay. On August 3, you’ll get your payment done if you’re entitled to SSI and Social Security benefits. Also, that date will arrive your Medicare premium payments, or if you filled for Social Security benefits before 1997.
Furthermore, the check will be rolled out on August 9 if your birthday is between the 1st and the 10th of your birth month, your August Social Security payment will be received on the second Wednesday of August. On August 16 if your birthday is between the 11th and the 20th of your birth month, your August Social Security payment will be received on the third Wednesday of August. And on August 23 if your birthday is after the 20th of your birth month, your August Social Security payment will be received on the fourth Wednesday of August.
Could I receive both SSDI and SSI benefits at the same time?
It is actually possible to receive both Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) at the same time. But, take into account that eligibility for each program is determined separately, since they are different programs. Be aware that meeting the requirements for one does not automatically guarantee eligibility for the other.
The SSDI is an insurance program based on your prior work history. You must have earned enough work credits by paying Social Security taxes to be eligible for SSDI. The number of work credits required depends on your age at the time you became disabled. Now, you’ve got to demonstrate that you qualify regarding your disability status. The SSA considers factors such as the severity of your condition, its impact on your ability to work, and the expected duration of your disability.
The requirements for the SSI program are different. It’s a needs-based program, meaning it is available to individuals with limited income and resources. Your income must fall below a certain threshold set by the SSA. It’s also based on the disability status of the person, and some other requirements as for the SSDI.
While it is possible to receive both SSDI and SSI benefits simultaneously, the amount of SSI you receive may be affected by your SSDI benefit amount. This is because SSI benefits are calculated based on your income and resources. When you start receiving SSDI, your income increases, which may result in a reduction or elimination of your SSI benefits. The SSA utilizes a formula named “countable income” to calculate your SSI payment.
The American Association of Retired Persons (AARP) has a comprehensive guide to help you thorough the process: check it here.