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Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
October 3, 2016
Category:
How Can I Increase My SSI Payments?
How can I increase my SSI benefits before the age of 45? I would like to know this because I want to have my own savings account and with the small income that I have, I have an overpayment of $83. Also, I have lines of credit, groceries, and money that I can save for other accounts. Your help would be greatly appreciated.
Hi,
SSI (Supplemental Security Income) is a needs based benefit, so there is no good way of increasing your payment amount. The maximum federal payment amount is currently $733, but can be less if the recipient has other income or receives non-cash support, such as free room and board. There is also a $2000 limit on resources, so you really can't build up much of a savings account and remain eligible. For more information, refer to Social Security's website: https://www.ssa.gov/ssi/.
Best, Jerry