Social Security update: August direct payment worth $943 goes out in 29 days

August's Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries in 29 days.

The payments are given to those living with a serious debilitating disability that negatively affects their income, according to the Social Security Administration .

The maximum amount received is affected by how they apply, with varying amounts being given to individual filers, joint filers, and essential persons who provide SSI recipients to provide them with needed care.

Those who file individually can receive a maximum of $943 per month, couples filing jointly can receive up to $1,415, and essential persons receive up to $472. These amounts have increased by 3.2% since last year due to inflation.

To be eligible, filers need to be at least partially blind or have a “physical or mental condition(s) that seriously limits their daily activities for a period of 12 months or more, or may be expected to result in death.”

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SSI payments are separate from regular Social Security benefits. Those who receive Social Security payments don’t automatically qualify for SSI payments.

Recipients can use a calculator from the SSA to figure out their payment total.