Federal Benefit Rate
What does Federal Benefit Rate mean?
The Federal Benefit Rate (FBR) is the maximum dollar amount paid to an aged, blind, or disabled person who receives Supplemental Security Income (SSI). This rate is linked to the consumer price index increases. For instance, if the CPI does not increase, the SSA will not make a cost of living adjustment to the FBR. If a cost of living adjustment is made it will begin in January. The last cost of living adjustment was made in January 2012 for 3.6%.
Keep in mind, the Federal Benefit Rate is the maximum which a claimant can receive for SSI. Not all recipients will receive the maximum because it can be reduced if your countable income is too high, your spouse's income is too high or you live with someone providing you with food and shelter.