Social Security Changing once again in October for the poor citizens who are unable to manage their expenses since the country has below-poverty-level citizens. The SSA department has made preparations to sustain financial aid so that the government adheres to its citizens.
The above changes will reflect on the lifestyle of older adults living off their government. Citizens also qualify for the department’s criteria and other required factors to benefit from the gains.
Social Security Is Changing Again In October
The Social Security Administration is a department that manages the monthly payments given to vulnerable citizens. Currently, authorities are making the payments to the beneficiaries. Payments with new changes are expected to be delivered by the citizens in October 2024. Citizens will know that Social Security will change again in October 2024 as inflation rates increase.
Social Security Changes
| Department Name | SSA |
| Name of Program | Supplemental Security Income (SSI) |
| Country | USA |
| Current Benefits | $943 and $1,415 |
| Beneficiaries | Low-income & families receiving SSI |
| Category | Government Aid |
| Official Website | https://www.ssa.gov/ |
New Three Social Security Changes Effective In October 2024
- Current benefits: Average monthly payments are $943 for an individual and $1,415 for a couple.
- Expansion of eligibility: The income and asset limits will be increased to provide qualifying opportunities for more persons under the SSI benefit.
- Increased payment: The people receiving the benefits may enjoy higher monthly benefits.
- Smooth Process: Applying for the benefits shall be accessible so people can access them directly.
- SSA Objective: Increase financial assistance to low-income individuals and couples substantively to help improve access to critical assistance programs.
The Public Assistance Household
- Former Rule: All household members had to receive public assistance to be eligible for the SSI Benefits.
- SNAP Included: The benefits for SNAP will be considered part of public assistance for the household.
- Commissioner’s Remarks: Commissioner of Social Security Martin O’Malley said this would be an effort to remove all the obstacles towards SSI, and SNAP would further aid low-income families.
- Effect of these changes on SSI beneficiaries: 277,000 of the recipients of the SSI would face payment increases, and another 109,000 would qualify for SSI.
- It will be done to increase fairness and make Social Security programs more accessible to low-income households.
Social Security Changing SSI Benefits
A new dimension brought to SSI by the new treatment is the ISM type. Food ISM, when counted by the Social Security Administration, was classified as unearned income. Hence, it would reduce or disqualify them from receiving SSI benefits. According to the new rule, a person can accept food assistance from his friends or family; he always retains his benefit.
Darcy Milburn, Director of Social Security and Health Policy at The Arc, considers this measure a step towards the cause of correcting cumbersome and unjust policy that has made a long-standing disenfranchisement of people with disabilities.
The Arc is a nonprofit organization that leads in advocating for all people with intellectual and developmental disabilities, and they welcome this adjustment as a positive step toward the SSI beneficiaries.
The Rent Subsidy Policy Will Be Expanded
- National Rent Subsidy Policy: The SSA will now use a single rent subsidy policy everywhere in the U.S.
- Former Policy: In several states (Connecticut, Illinois, Indiana, New York, Texas, Vermont, and Wisconsin), SSI applicants/ recipients who had rental assistance were exempt from considering that as a charge to their eligibility or monthly payments.
- New Change Now: This will now be a national application so that across all states, recipients will not lose part of their SSI benefit from rental assistance.
- Objective: Standardize and avoid renting assistance from impacting SSI eligibility or benefit amounts, thereby causing more excellent stability for recipients.
FAQs
What’s changing with Social Security in October 2024?
There will be higher payments, more people eligible for benefits, and an easier application process to help low-income individuals and families.
Will beneficiaries receive higher payments?
Yes, many beneficiaries can expect to see higher monthly payments.
How can I stay updated on these changes?
Check the Social Security Administration’s official website regularly for updates and detailed information.