The Supplemental Nutrition Assistance Program, (SNAP) Formerly referred to as food stamps is a government welfare program that provides benefits to eligible low-income individuals and families via an Electronic Benefits Transfer card.
A 12.5% Boost In SNAP Benefits This 2023 – Here Are The Things That You Should Know (PHOTO: WBNG)
The SNAP Benefits Changers In 2023
The SNAP benefits are adjusted annually based on the rate of inflation. As many as 41.5 million U.S. citizens, or about 1 in 8 Americans, participated in the program in the fiscal year 2021. The payment boost for 2023 was already declared and technically started on October 1, 2022, with a 12.5% increase. This indicates that households obtaining $500 in SNAP benefits from October 1, 2021, to September 30, 2022, will get an increase to $562.50 for this year.
During October 1, 2022, and running until Sept. 30, 2023, SNAP recipients will catch higher maximum benefit amounts. The payment increase will vary depending on the size of the eligible household.
- One-person: $281 to $250
- Two-person: $516 to $459
- Three-person: $740 to $658
- Four-person: $939 to $835
- Five-person: $1,116 to $992
- Six-person: $1,339 to $1,190
- Seven-person: $1,480 to $1,316
- Eight-person: $1,691 to $1,504
- Each additional person: $211 to $188
Maximum Asset Limits
SNAP maximum permitted asset limits to boost for this fiscal year are as follows:
- Families with at least one member who is age 60 or older or is disabled will be eligible to get $4,250, up from $3,750 the prior year
- All other families will have $2,750, up from $2,500 the prior year
Meanwhile, more states are set to introduce Elderly Simplified Application Project (ESAP), which is designed to help seniors and people with disabilities to get easier access to food benefits.
The ESAP application is only available to those with long-term impairments who have fixed incomes that aren’t likely to change.
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