If you qualify for Supplemental Security Income (SSI), your first question is probably simple: How much money am I actually going to receive? What does this qualification mean for you from a financial standpoint? Just how much of an impact is it going to have on your life?
While every case is different, the best way to look at this is by examining the maximum amounts. Of course, the word maximum is the key here. Do not assume that this is what you will get. However, it does give you a starting place, and the exact details of your case can then be taken into account.
With that in mind, here are the main three maximums in 2019:
- Eligible individual: $771 per month
- Eligible couple: $1,157 per month
- Essential person: $386 per month
If you’d like to look at the unrounded annual amounts, they are as follows for 2019:
- Eligible individual: $9,259.67
- Eligible couple: $13,887.97
- Essential person: $4,640.45
These are all a slight increase from the unrounded annual amounts for 2018, which were as follows:
- Eligible individual: $9,007.46
- Eligible couple: $13,509.70
- Essential person: $4,514.06
While the difference is not much, it is worth noting if you started looking into your options last year, and you want to know how things have changed.
Once again, these are the maximums and every case is unique. That is why it is so important to know exactly what steps to take and what rights you have. This is a potentially complex process that is very important to your financial well-being, so you need to know that you’ve done all you can to set yourself up for the largest possible payment.
Subscribe To This Blog’s Feed