What's the reason I received two Social Security Checks This Month? Advertiser disclosure You're our first priority. Each time. We believe everyone should be able to make sound financial decisions with confidence. Although our site doesn't feature every company or financial product on the market We're pleased of the advice we provide, the information we provide and the tools we develop are impartial, independent simple, and free. So how do we earn money? Our partners pay us. This could influence the types of products we review and write about (and where those products appear on the website) however it in no way affects our advice or suggestions which are based on many hours of study. Our partners are not able to promise us favorable reviews of their products or services. . What's the reason I received two Social Security Checks This Month? Two checks could be due within the same month, if you're receiving two different benefits or if there's a glitch within the month's calendar. By Connor Emmert Writer | Personal Financial, investment retirement Connor Emmert is a writer and NerdWallet authority on investing. In the years prior to his becoming a member of NerdWallet at the end of 2021, he worked for a number of years as a registered financial advisor at Bank of America/Merrill Lynch as well as Fisher Investments. Connor obtained the bachelor's from Colby College. English in the fall of 2016 at Colby College. When he's not researching or writing about personal finances, he loves travelling (on points, hopefully) or reading fiction, and spending time outside with his beloved labradoodle. January 12, 2023 Edited by Claire Tsosie Assigning Editor | Business software, credit cards Payments Claire Tsosie is an assigning editor for NerdWallet. Her areas of expertise include research and strategy. She's edited articles on a variety of topics, including applications for business, Medicare and home improvement. In the past, she was the credit card writer at NerdWallet for more than five years. Her work was featured by Forbes, USA Today and The Associated Press. She's given talks at both CardCon (2017 and 2018) and FinCon (2019). Email:
. Many or all of the items featured here come from our partners, who pay us. This influences which products we write about as well as the place and way the product appears on a page. But, it doesn't affect our assessments. Our opinions are our own. Here's a list of and . If you're receiving, it's possible to receive multiple checks in the same month. In many cases, this is because you're receiving two separate benefits, or because a weekend or holiday occurred on the day you'd normally be receiving your check. In certain instances, you might be receiving back payments. You're receiving two different payments. If you're benefiting from Social Security, it's important to be aware of the benefits you are eligible for, and the exact payment schedule for each type of benefit. There are two major kinds of Social Security benefits: Social Security Administration Old-Age, survivorship and Disability Insurance -- also known as OASDI or SSA -- provides benefits for retirees, disabled workers and family survivors of dead workers. The OASDI program is divided into three primary categories, which share the same taxes and payment schedules , and typically can't be collected concurrently: Social Security retirement benefits that replace a percentage of the pre-retirement earnings that are which are based on your life-time earnings. You're usually eligible when you're over 62 who has been paying Social Security taxes for 10 or more years. Social Security survivor's income, which is a benefit that are paid to a worker's surviving spouse as well as dependent parents and children younger than 18 or disabled. Social Security Disability Insurance, or SSDI are benefits that are paid to eligible adults as well as children with qualifying disabilities with a low income. The Supplemental Security Income , also known as SSI offers supplemental income to low-income individuals who are eligible for federal income assistance. It is possible to get SSI in addition to retirement benefits or disability payments. The pay schedule for SSI differs from OASDI. It is possible to receive two checks a month due to the fact that you are eligible for and are registered for more than one benefit. If you are enrolled in both Social Security benefits and SSI then you'll receive the SSI payment on the 1st of each month, and the Social Security payment on the third day, according to the Social Security Administration. A weekend or holiday impacted the timing of the payments. The Supplemental Security Income (SSI) program offers benefits to low-income individuals who are eligible for assistance from the government who are over 65 handicapped or blind. SSI payments are made to individuals on the first calendar day of each month. However, if the first of the month falls on a federal holiday or on weekends, then the check will be issued prior to the first day of the month, on the day that's not an official holiday or weekend. In certain cases, this may cause eligible individuals to receive two SSI payments in one month. For example, Jan. 1, 2023, was a federal holiday and occurred on a weekend, so qualifying individuals would receive their SSI benefit on December. 30, the last business day in December 2022. This was not a weekend or federal holiday. OASDI benefits, on the other hand, normally don't fall on the first or the last date of each month despite adjustments for holidays. They are typically paid on the second, third or fourth Wednesdays of the month, depending on your birthday date. If the date for the benefits payment is an official holiday, the scheduled payment will default to the first day prior to the Wednesday that isn't an official holiday of the federal government. Because of this schedule it's unlikely you'll receive two checks in the same month through this program. It's nevertheless possible to receive SSI, or if you're being paid back disability benefits (more on that later). >> Dive deeper: You're receiving back payments If you ever have to apply for disability benefits under the Social Security OASDI Program, it can take anywhere from three to six months or even longer -- to find out if you're eligible. Even if you're accepted the process typically takes an additional 60 days before you receive any form of compensation. This is among the reasons that it's a part of the financial plan. >> Learn more Once you're approved, SSDI will issue a lump sum payment of the benefits you did not receive after you applied, which is due back to the day you were declared disabled. SSDI back benefits are available to be paid via direct deposit only. So you'll have to ensure you have an active bank account in order to be eligible for benefits. After the monthly benefit has started, you might receive two benefits in that same calendar month- one lump sum back payment, plus your normal monthly benefit. Author bio Connor Emmert is a author and NerdWallet's expert on investing. In the past, prior to his becoming a member of NerdWallet at the end of 2021, he spent many years as a licensed financial advisor with Bank of America/Merrill Lynch as well as Fisher Investments. Similar to... Dive even deeper in Insurance Find more money-savvy strategies - straight to your inbox Sign up and we'll email you Nerdy content about the money topics that matter most to you along with other ways to help you make more out of your money.

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