If you are looking for the May 2020 SSI Payment Calendar, look no further. We can help you. If you are receiving Supplemental Security Income (SSI) benefits, knowing when your payments will be deposited each month is important to planning ahead and making sure your bills are paid and you know when your money will be available to you for withdrawal.
In the post below, we have explained in detail how the 2020 SSI Payment Schedule works and provide you with the specific dates on which your May benefit payments will be deposited into your account.
This Post will Cover:
- Electronic Payments are required for SSI Benefits
- How the SSI Payment Schedule Works
- May 2020 SSI Payment Calendar
- Complete 2020 SSI Payments Calendar
- SSI Benefits Questions and Answers
Electronic Payments are Required for SSI Benefits
Congress passed a law that moved all SSI payments from paper checks to electronic payments. The law went into effect on March 1, 2013.
The Social Security Administration (SSA) has therefore stopped mailing paper checks and current and new SSI recipients are required to receive their benefits electronically.
There are two ways you can receive your SSI benefits electronically:
First, you can choose to have them direct deposited into a checking or savings account with a bank or credit union.
The other option is to sign up for a Direct Express Debit Card, which works similar to a traditional bank debit card and are accepted anywhere Debit Mastercards are accepted.
You can also use your Direct Express debit card to make purchases and also get cashback at the grocery store or to purchase money orders at the post office.
If you do not sign up for direct deposit, the Social Security Administration will make the choice for you and send your SSI payments to you via Direct Express debit card.
How the SSI Payment Schedule Works
If you receive Supplemental Security Income (SSI), you will receive your payments on the 1st of each month.
The exception is when the 1st falls on a weekend or holiday.
If the first falls on a holiday, then you will receive your payment the business day before.
However, if the first falls on a weekend, you’ll receive your payment on the preceding Friday.
If you started receiving benefits (SS or SSDI) Prior to May 1997, or you are currently receiving both Social Security and SSI payments, you will receive your payments on the 3rd of each month.
If the 3rd falls on a weekend or holiday, you will receive your payment on the preceding Friday.
If the 3rd falls on a holiday, then you will receive your payment the business day before.
However, if the 3rd falls on a weekend, you’ll receive your payment on the preceding Friday.
May 2020 SSI Payment Calendar
May 1st, 2020 falls on a weekday (Friday) and is not a holiday. Therefore, your SSI payments for the month will be deposited on Friday, May 1st.
If you receive your payment via a bank account or a prepaid debit card like the Direct Express Debit card, you should see your benefits in your account on or before Friday, May 1st.
Both SS and SSI Recipients
Since May 3, 2020, is on a Sunday, you will receive your benefits on Friday, May 1st.
2020 SSI Payments Calendar
Here is the complete 2020 Supplemental Security Income Payment Schedule for your reference.
This shows when you can expect your benefits payments for the rest of the year.
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2020 Social Security Payment Calendar
Here is the complete Social Security payment calendar as published by the Social Security Administration.
It includes payment schedules for Social Security retirement benefits (SS) and Social Security Disability Insurance (SSDI) benefits
SSI Benefits FAQs
Here are the most frequently asked questions about the SSI benefits when it comes to payments.
How much does SSI pay per month?
The maximum SSI benefit an individual can receive on a monthly basis in 2020 is $783. That amount increases to $1,175 for married couples.
What is the Ticket to Work program?
The Ticket to Work Program provides people receiving Social Security disability benefits (SSDI or SSI) more choices for receiving employment services.
The main goal of the program is to assist people on disability benefits in reducing their reliance on disability benefits and become self-sufficient.
For more information about the program, click here.
Do you get health benefits with SSI disability?
If you are approved for SSI disability benefits, you are automatically eligible for Medicaid benefits.
Unlike SSDI benefits where there is a wait time to get Medicare, with SSI, there is no wait time to get Medicaid.
If I get married, will it affect my benefits?
- If you marry, your spouse’s income and resources may change your SSI benefit; or
- If you and your spouse both get SSI, your benefit amount will change from an individual rate to a couple’s rate.
Benefits for a widow, divorced widow, widower or divorced widower
- You cannot get benefits if you remarry before age 60; and
- You cannot get benefits if you are disabled and remarry before age 50.
Divorced spouse’s benefits
Generally, your benefits end if you remarry.
Benefits for a child under age 18 or student ages 18 or 19
Benefits end if you marry.
How is SSI Different from Social Security?
Social Security retirement benefit is financed by FICA tax on employment income.
Eligibility for Social Security and how much you receive in benefits are based on work history.
However, SSI is needs-based and is not tied to employment history.
May 2020 SSI Payment Calendar Summary
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