$472 Social Security Payment October 2024 – Check Eligibility, Payment Dates

$472 Social Security Payment October 2024: Inflation affects low income earners, it becomes worse to those who rely on Supplemental Security Income SSI in the United States. In such a case, any added support is invaluable.

What is $472 Social Security Payment?

The new provision of $472 Social Security Payment effective from 2024 is aimed at “Essential Persons,” who help SSI beneficiaries but can’t avail government help themselves. Let’s first discuss the payment, its conditions and some key calendar periods.

Purpose of $472 Social Security Payment

This payment of $472 is part of the SSI program and helps people who are not eligible for SSI or state income assistance but contribute to household responsibilities. These people are often family caregivers who help with essential expenses such as housing, food, and transportation. Although they do not receive government assistance themselves, this additional assistance recognizes their economic contribution.

Maximum Payment Information

This benefit increases the financial support SSI recipients and their families receive. The maximum monthly payment for single SSI recipients is $943, while married couples can receive up to $1,415. Households with an “Essential Person” have an additional $472.

Category	Maximum Payment
Individuals (SSI)	$943
Married Couples (SSI)	$1,415
Essential Persons	$472

Who is eligible for the $472 Payment?

Eligibility for the $472 Essential Person payment is not automatic. The Social Security Administration (SSA) applies special criteria:

1. Long-term residence:
   The Essential Person must have lived with the SSI recipient since December 1973. This long-term relationship is the basis for eligibility.
2. No other government assistance:
   This person must not be receiving SSI or any other type of state income assistance. This is for people who help the family but are not covered under government security programs.
3. Continuing support:
   The Essential Person must contribute to the well-being of the household. The SSA investigates these situations on an individual basis.

When are payments issued?

For people who depend on SSI or the $472 Social Security Payment, it is important to receive payments on time. These payments are usually issued at the beginning of the month so families can make their plans.

The key dates for 2024 are as follows:

Date	Payment Description
October 1, 2024	First payment of October
November 1, 2024	Payment for November
November 29, 2024	Payment for December

Why is the $472 Payment important?

Inflation is causing the prices of essential items like housing, food and transportation to rise. This $472 Social Security Payment helps deal with these rising expenses.

It recognises the contributions of Essential Persons who support financially but do not receive direct assistance from the government. This payment fills a critical gap in the social security network, providing relief to low-income families in times of inflation.

What to do to ensure eligibility?

If you think you may be eligible as an Essential Person, it is important that all your details are up to date with the SSA. This includes linking your bank account to the SSA account so that the payment is processed on time every month.

Also make sure you regularly check the SSA website for any updates to the eligibility rules or payment schedule.

Frequently Asked Questions (FAQs)