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SSI Personal Needs Allowance: Cost-of-Living Adjustments for Institutionalized Individuals.

This act introduces annual cost-of-living adjustments to the minimum monthly personal needs allowance for individuals and couples in institutions receiving Supplemental Security Income (SSI). This means their personal spending money will increase with living costs, potentially improving their quality of life. State supplementary payments under this program will also be required to increase by the same adjustment amount.
Key points
The monthly personal needs allowance for institutionalized individuals receiving SSI will automatically increase annually, reflecting cost-of-living changes.
States will be mandated to increase their supplementary payments to SSI beneficiaries by the same cost-of-living adjustment amount, providing more financial support.
These changes will take effect from October 1, 2024, impacting benefit amounts after this date.
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Additional Information
Print number: 118_HR_7697
Sponsor: Rep. Kildee, Daniel T. [D-MI-8]
Process start date: 2024-03-15