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By מערכת ice
Economy03:22 · 1h ago

National Insurance Offers Income Support Benefit with Potential Payments Up to ₪5,289

Ice
Translated & summarized from Ice by baba
The story · English

Israel's National Insurance Institute (Bituah Leumi) has announced details regarding its Income Support Benefit, a program designed to assist individuals and families with insufficient income. The benefit amount varies based on age, family composition, and income, with maximum monthly payments potentially reaching ₪5,289 for eligible single parents with two or more children aged 55 and older, starting January 1, 2026.

Eligibility for the Income Support Benefit requires individuals to have little to no income, or income below a designated minimum. The assessment considers various factors, including income from all sources, and in some cases, assets like vehicles and property. Applicants must generally be at least 20 years old and have resided in Israel for at least 24 consecutive months, though exceptions exist for younger individuals and specific circumstances. A key requirement for unemployed or partially employed individuals is registration and regular reporting to the Employment Service, with potential exemptions for specific situations like illness, pregnancy, or caregiving responsibilities.

The benefit is divided into two categories: full income support for those unable to secure sufficient income, and income supplement for those whose earnings fall below the minimum living standard. Even employed individuals may qualify for a partial supplement depending on their income level and personal circumstances. The National Insurance Institute provides an online calculator to help individuals estimate their potential benefit amount.

Maximum monthly benefit amounts vary significantly. For example, individuals aged 25-54 can receive up to ₪2,076 as a single person, while single parents with two or more children in the 55-retirement age bracket could receive up to ₪5,289. These figures represent maximums, and actual payments are subject to specific income and asset evaluations. The value of a vehicle owned or used by an applicant can also affect eligibility, with different thresholds for those under and over retirement age.

Individuals are encouraged to submit their claims promptly, as benefits are typically paid from the month the claim is filed, though backdated payments are possible under certain conditions. Claims can be submitted online, by mail, fax, or in person at local branches. It is crucial for recipients to report any changes in their employment, family status, or income within 30 days to maintain eligibility.

Read the original at Ice
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