federal benefit rate

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The federal benefit rate is the amount of money the Federal government provides for supplemental security income recipients. As of 2021, the benefit rate is $794 for individuals and $1,191 for couples, but the rate usually increases annually. The federal benefit rate is just the base rate; only five states and territories do not add in some way to this rate.

[Last updated in June of 2021 by the Wex Definitions Team]