SSA is sending more than $5,000 checks ― Check your payment date now

It is a relief period especially for the senior citizens and qualified persons residing in America. The Social Security Administration (SSA) has again declared that it will give a large sum of money to its beneficiaries. This time round over $5,000 is being distributed to some deserving citizens. And in case you also fall under this scheme, then you need to be aware of when you will receive your payment and what you need to do in order to qualify to receive the payment.

What is Social Security payment?

Social Security payment is part of a federal assistance program that provides financial help to individuals who have regularly paid Social Security tax during their career. It mainly includes the elderly, disabled, and in some cases dependents of a deceased worker. The SSA sends payments to millions of Americans each month to help them meet their living needs.

Why is the payment over $5,000 this time?

The SSA is this time paying some beneficiaries more than $5,000 because a big number of them worked longer, contributed more after taxes or fell within the maximum eligibility limit which is accorded to those who retire at age 70. The longer you postpone taking Social Security, up to age 70, the more you get every month.

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When is the payment date?

The Social Security payment date depends on the beneficiary’s birthday. The SSA makes payments on three main dates each month:

1. If your birthday is between the 1st and the 10th, the payment is made on the second Wednesday of each month.
2. If your birthday is between the 11th and 20th of each month, payments are made on the third Wednesday of each month.
3. If your birthday is between the 21st and 31st of each month, payments are made on the fourth Wednesday of each month.

With this schedule, you should know your payment date in advance to ensure that the money is credited to your account on time.

Eligibility Criteria – Are you eligible for this payment?

Payments over $5,000 are only available to people who meet special criteria. Find out if you qualify here:

• You must have worked for at least 35 years.
• You must have paid Social Security Tax consistently and in full.
• You must have delayed retirement until age 70** so you can get the highest monthly benefit.
• You must have a strong earnings history, meaning you have earned above average income over your entire career.

If you meet these conditions, you may be eligible for this maximum amount.

How to check when and how much your payment is coming?

You can find this information by logging into your Social Security account. You can open your My Social Security account by visiting the SSA’s official website (www.ssa.gov) and from there:

• Verify the date of your payment,
• The amount of your payment, and
• Any updates.

You can also check your bank statement to see if the money was credited to your account.

What to do if your payment is late?

You need to contact the SSA three business days after the due date in case you have not received your payment. To check on your case you can call 1-800-772-1213 or go to the closest SSA office and they will help you.

Significance of this move by SSA

Such payment is not only beneficial in terms of financing, but also acts as assurance to the elderly and the dependents that the government cares about their welfare. With the current inflation rate increase, healthcare costs, and cost of living, the check of more than 5,000 dollars provided by the SSA is a powerful financial boost.

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Conclusion: Prepare and check your payment date

Are you an SSA beneficiary and asking yourself whether you are going to receive an amount exceeding 5000 dollars? Then this is the high time you logged into your Social Security account and ensure that you have filled all the necessary papers. This payment can take you to a much better financial status in case you are entitled to receive it. Reminder, the information is right – and having the information in time may protect you against any misunderstanding or procrastination.

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