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You are here: Home / HOT Topics and Info / 2023 Federal Benefit Rate – Federal Poverty Level

2023 Federal Benefit Rate – Federal Poverty Level

Federal Benefit Rate

Keyed to Social Security cost of living adjustments (8.7% for 2023), the Federal Benefit Rate (FBR) is the maximum amount payable under (and provides an income ceiling for) Supplemental Security Income (SSI). A number of other state and federal benefits are keyed to the FBR, as well. Monthly amounts are calculated by rounding down from the annual benefit divided by 12.

STATUS
ANNUAL
MONTHLY
Eligible Individual $10,970.44 $914
Eligible Couple $16,453.84 $1,371
Essential Person $5,497.80 $458

Federal Poverty Levels

The Federal Poverty Level (FPL) is updated periodically, and multiples of the FPL drive numerous federal and state benefits. You may calculate any other multiple by multiplying the 100% FPL by the desired percentage and rounding to the nearest dollar.  For example, 138% of the one person FPL is $18,754 (13,590 x 1.38 = 18,754.20).

HSHLD SIZE
100% FPL
1 $13,590
2 $18,310
3 $23,030
4 $27,750
More Add $4,720 each

 

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Bob Mason, Elder Law & Special Needs LawRobert A. Mason, JD, CELA, CAP, is owner of Mason Law, PC, of Charlotte and Asheboro, North Carolina, a law firm devoted exclusively to legal issues involving the elderly and the disabled. Read More >>

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