The U.S. Department of the Treasury?has announced that Supplemental Security Income (SSI)?recipients will have the?$1,200?COV...Read more
Most SSDI and SSI Beneficiaries to Receive One-Time Stimulus Payment
As part of the American Recovery and Reinvestment Act (aka the stimulus bill), Congress has authorized one-time $250 payments to most Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) beneficiaries. Beneficiaries of either program who were eligible for benefits during November or December 2008 or January 2009 will probably receive the additional payment in May.
According to the Social Security Administration (SSA), the payments will be distributed to beneficiaries in the same manner that they currently receive their benefit (either by check, debit card, or direct deposit) but the payments will not be included in the same transaction as a beneficiary's regular monthly payment. This means that beneficiaries should be on the lookout for two separate payments during May.
People with special needs who receive both SSDI and SSI benefits will receive only one $250 payment, and SSDI beneficiaries under age 18 (or 19 if they are still in school) will not receive any payments at all. However, anyone receiving a payment does not have to worry about the additional income affecting his government benefits -- the stimulus payments do not count as "income" for either program, and will not count as an available resource for nine months following receipt of the funds.
The SSA has created an online pamphlet describing the payments and providing additional details for beneficiaries. You can read the pamphlet here.
(The pamphlet is in PDF format. If you do not have the free PDF reader installed on your computer, download it here.)Â Â
Created date: 03/25/2009