There is an exception that allows the amount of the first and second payment to be increased because of certain debts. The installment payments are made in no more than three payments, at six month intervals. If the remaining past–due benefits are large, we must pay them in installments. When an individual is eligible for past–due SSI benefits, Social Security must first reimburse the State if you received any monetary Interim Assistance, while you were waiting for your SSI decision. Up to $100,000 of funds in an Achieving a Better Life Experience (ABLE) account established through a State ABLE program (see the SSI Spotlight on ABLE). If you are disabled or blind, money or property you have set aside under a Plan to Achieve Self-Support (PASS) (see the Spotlight on PASS) and Property you or your spouse use in a trade or business, or on your job if you work for someone else (see the SSI Spotlight on Property You Need for Self Support) Life insurance policies with a combined face value of $1,500 or less īurial spaces for you or your immediate family īurial funds for you and your spouse, each valued at $1,500 or less (see the SSI Spotlight on Burial Funds) Household goods and personal effects (e.g., your wedding and engagement rings) One vehicle, regardless of value, if you or a member of your household use it for transportation The home you live in and the land it is on The limit for countable resources is $2,000 for an individual and $3,000 for a couple. See the SSI Spotlight on Getting SSI Benefits While You Try to Sell Excess Resources. If you decide to sell the excess resources for what they are worth, you may receive SSI beginning the month after you sell the excess resources. You may even be able to receive benefits while you try to sell the excess resources in certain situations. If the value of your resources that we count is over the allowable limit at the beginning of the month, you cannot receive SSI for that month. However, not all resources count for SSI. The value of your resources is one of the factors that determines whether you are eligible for SSI benefits. WHY ARE RESOURCES IMPORTANT IN THE SSI PROGRAM? We count amounts over the parents’ limits as part of the child's $2,000 resource limit. If the child lives with 2 parents, $3,000 does not count. If a child under age 18 lives with one parent, $2,000 of the parent's total countable resources does not count. We call this process the deeming of resources.
Sometimes we “deem” a portion of the resources of a spouse, parent, parent’s spouse, sponsor of an alien, or sponsor’s spouse as belonging to the person who applies for SSI. savings bonds Īnything else you own which could be changed to cash and used for food or shelter andĭeemed resources. Understanding SSI Home Page / Understanding Supplemental Security Income SSI Resources SUPPLEMENTAL SECURITY INCOME (SSI) RESOURCES
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