SSI payments were increased in 2022, and some people who are waiting for approval are due money for months they didn’t get.
The Social Security Administration distributes SSI, or Supplemental Security Income.
Monthly payments are made to those who have a low income and few or no assets.
In order to obtain it, you’ll need a certain amount of money and assets.
In 2022, the average payout will rise by $34 to $621 per month.
The maximum monthly payment is $841.
Benefits from SSI may take some time to arrive after you apply.
The advantages may take months to manifest in certain circumstances.
If you are accepted, you may be eligible for compensation for the time it took for your application to be accepted.
Even though your first application was rejected, you may want to file for back pay if your appeal was successful.
Approval typically takes three to five months on average.
Retroactive payments are not the same as back payments.
Retrospective refers to the time period immediately preceding your application and does not include any time spent seeking SSI.
You’ll get your monthly payment doubled by the amount of months between your application and acceptance date.
There are three payments for the back pay.
You will not be able to receive a lump amount if your back pay exceeds three times the maximum payment of $841.
Once you’ve been authorised, you’ll receive three six-month instalments.
