Are you wondering if the $200 increase to the $2400 monthly checks is true? There are rumors about this raise for senior citizens. Let’s find out the real story about the increase in monthly checks.
$200 Increase Approved With $2400 Monthly Checks?
Many senior citizens are having a hard time meeting their basic needs even with their current benefit checks. The Consumer Price Index found that about 50% of seniors are struggling. To help, the US Government has proposed a bill to increase the payment checks, especially for senior citizens. Let’s learn more about this increase.
Is It Official?
Currently, about 475 million people receive benefits. The bill to increase the monthly checks was introduced at the end of last year. This bill proposes a $200 increase to the $2400 monthly checks, making the total $2,600 per month. This change is due to the increased cost of living and inflation, which has gone up by 7.2% recently. The bill is still waiting for approval. If it gets approved, the increase will be applied soon, and the new total of $2,600 will be given to those receiving SSI, SSDI, and VA benefits.
Payment Dates For $2400 Monthly Checks
The payment dates for the increased checks will depend on the person’s birth date. Here’s how it works:
- If your birthday is between the 1st and 10th: You will get your payment in the second week of the month.
- If your birthday is between the 11th and 20th: You will get your payment in the third week of the month.
- If your birthday is between the 21st and 31st: You will get your payment in the fourth week of the month.
Payments are made on Wednesdays. Here are the exact dates for the next few months:
| Month | Birthdays 1-10 | Birthdays 11-20 | Birthdays 21-31 |
|---|---|---|---|
| January | 10th | 17th | 24th |
| February | 14th | 21st | 28th |
| March | 12th | 19th | 26th |
| April | 9th | 16th | 23rd |
If there is a holiday on your payment date, the payment will be made the next working day.
Eligibility For The $2,400 Monthly Checks
The increase is mainly for senior citizens, but due to high inflation, low-income families also qualify. If your personal information was accessed in the Capital One data breach and you filed a valid claim before November 27, 2023, you are eligible. The increased amount will be $200, making the total deposit $2,600 based on your tax credits.
Fact Checks About $2400 Monthly Checks
The increase in checks is only for benefits provided by the Central Government. This change will not affect state benefits or annual stimulus payments. You can track your updated amounts by checking your “My Account” online. Keep an eye out for updates as the payment dates are coming soon.
Conclusion
The $200 increase in the $2400 monthly checks is designed to help seniors and low-income families cope with higher living costs. If approved, this will bring much-needed relief to many. Keep track of your payment dates and eligibility to make sure you receive your benefits.
FAQ’s
How much will the monthly checks increase by?
The monthly checks will increase by $200, making the total $2,600 per month.
When will I receive my increased monthly check?
Payment dates depend on your birthday, with payments made in the second, third, or fourth week of the month.
Who is eligible for the increased monthly checks?
Senior citizens and low-income families who meet the eligibility criteria will receive the increased checks.