2018 Federal SSI Benefits: How Much Can You Get?
When most people think about Social Security, they focus on the retirement benefits that they'll receive at the end of their careers. Yet the Social Security Administration also operates other programs that are essential for millions of Americans. The Supplemental Security Income program is one such benefit that those in financial need can receive if they meet certain income limits.
The SSA just released the SSI benefit amounts for 2018, and they're rising slightly from 2017's levels. For individuals, the SSI federal payment standard amount in 2018 is $750 per month, up $15 from the previous year. Families will see their corresponding amount rise by $22 to $1,125 per month. However, payments vary greatly according to location and your own particular financial situation, and there's a somewhat complicated set of calculations you need to do in order to figure out exactly how much you'll get from Supplemental Security Income. You'll find details below, but first, here are some basics about the SSI program.
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Source: Fool.com
