Effective January 1, 2024, the federal Supplemental Security Income payment amount will increase by 3.2 percent. The amounts paid to individuals and couples are below: Recipient Unrounded annual amounts for— Monthly amounts for 2024 2023 2024 a Eligible individual $10,970.44 $11,321.49 $943 Eligible couple 16,453.84 16,980.36 1,415 Essential person 5,497.80 5,673.73 472 Impact on Medicaid This […]
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Every year the Supplemental Security Income (SSI) benefit rate and Medicaid resource allowances are updated. For 2022, the federal benefit rate increased by 5.9%. There was no change in the SSI benefit rate. The SSI monthly benefit increased to $841. This means the Medicaid income cap increases to $2,523 of gross monthly income. The one-third […]
DATE: Friday, March 26, 2021 MANAGEMENT CHALLENGE: Improve Administration of the Disability Programs REPORT NUMBER: A-02-18-50357 REPORT TYPE: Audit Report OFFICE AFFILIATION: The Office of Audit Our objective was to determine whether Supplemental Security Income (SSI) recipients used, and the Social Security Administration (SSA) verified the values of, Achieving a Better Life Experience (ABLE) accounts. View […]
