The Supplemental Nutrition Assistance Program, or SNAP, previously known as food stamps, is a form of welfare run by the government that helps people and families that are experiencing food insecurity. In the financial year 2021, the program was utilized by up to 41.5 million Americans or around 1 in 8 people in the country.
The SNAP program’s overall structure doesn’t change much from year to year, but some aspects do. Below are some of the most significant adjustments coming to the SNAP program in 2023.
SNAP: Cost-of-Living Adjustment
Annual adjustments to SNAP benefits are made according to the rate of inflation. Technically, the rise in compensation for 2023, which began on October 1, 2022, was 12.5%. This translates to a rise to $562.50 for families getting $500 in SNAP benefits from October 1, 2021, through September 30, 2022.
The 48 surrounding states and the District of Columbia are eligible for these SNAP peaks. For citizens of Guam, the U.S. Virgin Islands, Alaska, and Hawaii, different tables are available.
Easier Limits on Eligibility
Families should have net monthly incomes under these amounts to be eligible for SNAP assistance; there are differing restrictions for citizens of the 48 contiguous states, Guam, the U.S. Virgin Islands, Alaska, and Hawaii.