What's the reason I received two Social Security Checks This Month? Advertiser disclosure You're our first priority. Everytime. We believe that everyone should be able to make financial decisions without hesitation. And while our site doesn't feature every company or financial product that is available in the marketplace however, we're confident that the advice we provide, the information we provide and the tools we create are independent, objective simple, and free. So how do we earn money? Our partners compensate us. This may influence which products we write about (and the way they appear on our website), but it does not affect our recommendations or advice, which are grounded in hundreds of hours of research. Our partners are not able to pay us to guarantee favorable ratings of their goods or services. . Why did I receive two Social Security Checks This Month? Two checks might land within the same month, when you're receiving two distinct benefits or there's a quirk within the month's calendar. Written by Connor Emmert Writer | Personal Financial, investment, retiring Connor Emmert is a writer and a NerdWallet expert on investing. In the years prior to his being a part of NerdWallet in 2021, he worked for a number of years as a registered financial advisor for Bank of America/Merrill Lynch and Fisher Investments. Connor completed his bachelor's degree from Colby College. English from Colby College. When he isn't researching and writing about personal finances, he loves traveling (on points I hope) or reading fiction, and having a good time with his beloved labradoodle. 12 January 2023 Edited by Claire Tsosie Assigning Editor | Business software, credit cards payment Claire Tsosie is an assigning editor for NerdWallet. Her specialties include the study and development of strategies. She's written writing on a variety of subjects, including applications for business, Medicare and home improvement. Previously, she was the credit card writer at NerdWallet for over five years. Her work was featured on Forbes, USA Today and The Associated Press. She's been a speaker in both CardCon (2017, 2018) and FinCon (2019). Email:
. The majority of products we feature are made by our partners, who pay us. This influences which products we feature and the location and manner in which the product appears on the page. But this doesn't affect our assessments. Our opinions are our own. Here is a list of and . If you're receiving, it's possible to occasionally receive two checks in the same month. In most cases, this is because you're receiving two separate benefits or because a holiday or holiday falls on the date you'd typically get your benefits check. In certain instances it could be that you're receiving back payments. There are two payments. If you're getting benefits through Social Security, it's important to be aware of the benefits you're eligible for, and the exact payment schedule for each benefit. There are two major kinds of Social Security benefits: Social Security Administration Old-Age, survivorship and Disability Insurance -- also referred to as OASDI or SSA offers benefits to disabled and retired workers and family relatives of workers who have passed away. The OASDI program is divided into three major categories that share the same taxes and payment plans, but they cannot be collected simultaneously: Social Security retirement benefits, which replace a portion of the pre-retirement earnings that are which are based on your annual earnings. It is generally possible to qualify when you're over 62 or have already paid Social Security taxes for 10 or more years. Social Security survivor's income, which are benefits given to an eligible spouse's surviving spouse and dependent parents or children younger than 18 or disabled. Social Security Disability Insurance, also known as SSDI are benefits paid to eligible adults and children with disabilities that qualify with a low income. Supplemental Security Income , or SSI offers supplemental income for those who qualify for government income assistance. It is possible to get SSI along with retirement benefits or disability payments. The pay schedule for SSI is different from OASDI. It is possible to receive two checks each month due to the fact that you are eligible for and are enrolled in more than one benefit. If you collect each of Social Security benefits and SSI and SSI, you'll receive your SSI payment on the 1st of each month, and the Social Security payments on the 3rd, in accordance with the Social Security Administration. The schedule is affected by a holiday or weekend. the schedule The Supplemental Security Income program provides assistance to those with low incomes who are eligible for assistance from the government who are over 65 handicapped or blind. SSI payments go out to those who qualify on the first calendar day of every month. If the first day of the month happens to fall on an official holiday, or a weekend, then the check will be sent out prior to the first day of the month, on the first day that isn't the weekend or a holiday. In some instances, this may result in qualifying individuals receiving two SSI payments in one month. For example, Jan. 1, 2023, occurred to be a Federal holiday, and fell on a weekend and thus, eligible individuals could receive their SSI benefits on Dec. 30, the last business day of December 2022, which wasn't a weekend or federal holiday. OASDI benefits, on the other hand generally don't come due on the first or the last days of the month even with holiday adjustments. The benefits are usually paid out on the second, third , or fourth Wednesday of the month, depending on the birthday date. If the Wednesday scheduled for benefits payment falls on an official holiday, the scheduled payment defaults to the day prior to the Wednesday that isn't a federal holiday. Because of this it's unlikely you'll receive two checks within the same month with this program. But it's still possible if you're also receiving SSI or being paid back disability benefits (more on that in the future). Learn more about: You're receiving back payments If you have to seek disability benefits under the Social Security OASDI program, it can take three to five months -- or longer -- to figure out whether you qualify. Even if you're accepted, it usually takes an additional sixty days to get any compensation, which is among the reasons an is recommended as part of the financial plan. >> Learn more Once you're approved, SSDI will issue the lump sum amount of the benefits you did not receive following your application, which dates back to the day you became disabled. SSDI back payment are able for direct deposit only. Therefore, you'll need to make sure you have a valid bank account to get benefits. When the benefit for the month has begun, you might receive two benefit payments in one month- one lump sum payment, plus your normal monthly benefit. The author's bio: Connor Emmert is a author and NerdWallet's expert on investing. Before being a part of NerdWallet in 2021, he worked for many years as a licensed financial advisor at Bank of America/Merrill and Fisher Investments. In a similar vein... Dive even deeper in Insurance Get more smart money moves - straight to your inbox. 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