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<h2 class="fw4 ma0" id="top">Understanding Supplemental Security Income SSI Resources -- 2024 Edition</h2>
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<ol>
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<li><a href="https://www.ssa.gov">SSA Home</a></li>
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<li><a href="https://www.ssa.gov/ssi/">Supplemental Security Income (SSI)</a></li>
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<li><a href="ssi-additional-info.htm">SSI Additional Information</a></li>
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<li><a href="text-understanding-ssi.htm">Understanding SSI</a></li>
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<article class="cell w-100 m-w-100">
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<h3>SUPPLEMENTAL SECURITY INCOME (SSI) RESOURCES </h3><br />
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<h4 class="bluetitle">WHAT ARE RESOURCES? </h4>
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<p>Resources are things you own such as:</p>
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<ul>
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<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />Cash;</p>
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<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />Bank accounts:</p>
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<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />Stocks, mutual funds, and U.S. savings bonds;</p>
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<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />Land;</p>
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<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />Life insurance;</p>
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<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />Personal property;</p>
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<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />Vehicles;</p>
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<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />Anything else you own which could be changed to cash and used for food or shelter; and</p>
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<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />Deemed resources.</p></ul>
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<h4 class="bluetitle">WHAT ARE DEEMED RESOURCES? </h4>
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<p>Sometimes we “deem” a portion of the resources of a spouse, parent, parent’s spouse, sponsor of a noncitizen, or sponsor’s spouse as belonging to the person who applies for SSI. We call this process the deeming of resources. If a child under age 18 lives with one parent, $2,000 of the parent's total countable resources does not count. If the child lives with 2 parents, $3,000 does not count. We count amounts over the parents’ limits as part of the child's $2,000 resource limit. <br>
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</p>
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<h4 class="bluetitle"> WHY ARE RESOURCES IMPORTANT IN THE SSI PROGRAM?</h4>
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<p>The value of your resources is one of the factors that determines whether you are eligible for SSI benefits. However, not all resources count for SSI. 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. 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. </p>
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<table cellspacing="10" border="0">
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<tr><td class="bn" valign="top"><img src="images/note03.gif" width="34" height="34" border="0" alt="NOTE" onMouseOver="window.status='NOTE'; return true" /></td>
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<td class="bn">See the SSI Spotlight on <a href="spotlights/spot-sell-resources.htm" onMouseOver="a('SSI Spotlight on Getting SSI Benefits While You Try to Sell Excess Resources');return true" onMouseOut="b()">Getting SSI Benefits While You Try to Sell Excess Resources</a>.</td>
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</tr></table>
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</div>
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<h4 class="bluetitle"> WHAT IS THE RESOURCE LIMIT?<br />
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</h4>
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<p>The limit for countable resources is $2,000 for an individual and $3,000 for a couple.</p>
|
||
<h4 class="bluetitle"> WHAT RESOURCES DO NOT COUNT FOR SSI? </h4>
|
||
<p>For SSI, we do not count:<br>
|
||
</p>
|
||
<ul>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />the home you live in and the land it is on;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />one vehicle, regardless of value, if you or a member of your household use it for transportation; </p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />household goods and personal effects (e.g., your wedding and engagement rings);</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />life insurance policies with a combined face value of $1,500 or less;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />burial spaces for you or your immediate family;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">burial funds for you and your spouse, each valued at $1,500 or less (see the SSI Spotlight on <a href="spotlights/spot-burial-funds.htm" onMouseOver="a('SSI Spotlight on Burial Funds');return true" onMouseOut="b()">Burial Funds</a>);</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">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 <a href="spotlights/spot-property-self-support.htm">Property You Need for Self Support</a>);</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">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 <a href="spotlights/spot-plans-self-support.htm">PASS</a>); and </p>
|
||
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">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 <a href="spotlights/spot-able.html">ABLE</a>).</p>
|
||
</ul>
|
||
<h4 class="bluetitle">WHAT ARE INSTALLMENTS? </h4>
|
||
<p>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. If the remaining past–due benefits are large, we must pay them in installments. The installment payments are made in no more than three payments, at six month intervals.</p>
|
||
|
||
<p>There is an exception that allows the amount of the first and second payment to be increased because of certain debts. There are also two exceptions that would permit payment of all unpaid benefits due an individual to be paid in one lump–sum:</p>
|
||
|
||
<ul>
|
||
<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />if you have a medical condition that is expected to result in your death within 12 months; or</p>
|
||
<p><img src="images/ball80.gif" width="20" height="10" border="0" alt="small blue and black arrow" />you become ineligible for SSI benefits and are likely to remain ineligible for 12 months.</p>
|
||
</ul>
|
||
<h4 class="bluetitle">WHAT OTHER RESOURCES DO NOT COUNT FOR SSI? </h4>
|
||
<ul>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">retroactive SSI or Social Security benefits for up to nine months after you receive them (including payments received in installments);</p>
|
||
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">grants, scholarships, fellowships, or gifts set aside to pay educational expenses for nine months after receipt; </p>
|
||
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">money saved in an Individual Development Account (IDA) (See the SSI Spotlight on <a href="spotlights/spot-individual-development.htm" onMouseOver="a('SSI Spotlight on IDAs');return true" onMouseOut="b()">IDAs</a>);</p>
|
||
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />support and maintenance assistance and home energy assistance that we do not count as income;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />cash received for medical or social services that we do not count as income is not a resource for one month;</p>
|
||
<div class="alert-blue">
|
||
<strong>EXCEPTION:</strong> Cash reimbursements of expenses already paid for by the person are evaluted under the regular income and resources rules.
|
||
</div>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />health flexible spending arrangements (FSAs);</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />State or local relocation assistance payments are not counted for 9 months;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />crime victim's assistance is not counted for nine months;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />earned income tax credit payments are not counted for 12 months;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">dedicated accounts for disabled or blind children (see <a href="text-child-ussi.htm#deeming">Deeming Eligibility Chart for Children</a>); </p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />disaster relief assistance which we do not count as income;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />cash received for the purpose of replacing an excluded resource (for example, a house) that is lost, damaged, or stolen is not counted for nine months;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball" />All Federal tax refunds and advanced tax credits received on or after January 1, 2010 are not counted for 12 months;</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">The first $2,000 of compensation received per calendar year for participating in certain clinical trials; and</p>
|
||
<p><img src="images/ball71.gif" width="14" height="14" border="0" alt="small blue ball">Some trusts (See the SSI Spotlight on <a href="spotlights/spot-trusts.htm" onMouseOver="a('SSI Spotlight on Trusts');return true" onMouseOut="b()">Trusts</a>).</p>
|
||
|
||
</ul>
|
||
<h4 class="bluetitle"> WHAT IF I WANT TO SELL A RESOURCE? </h4>
|
||
<p>If you are trying to sell real property or other resources that put you over the resource limit, you may be able to get SSI while you are trying to sell them. When you sell the resource, you must pay back the SSI benefits you received for the period in which you were trying to sell the property or other resource. We call these "conditional benefits". You must sign the "Agreement to Sell Property" form and we must accept that agreement before conditional payments can begin. You can get the form from your local Social Security office. </p>
|
||
<div class="alert-blue">
|
||
<table cellspacing="10" border="0">
|
||
<tr><td class="bn" valign="top"><img src="images/note03.gif" width="34" height="34" border="0" alt="NOTE" onMouseOver="window.status='NOTE'; return true" /></td>
|
||
<td class="bn">See the SSI Spotlight on <a href="spotlights/spot-sell-resources.htm" onMouseOver="a('SSI Spotlight on Getting SSI Benefits While You Try to Sell Excess Resources');return true" onMouseOut="b()">Getting SSI Benefits While You Try to Sell Excess Resources</a>.</td>
|
||
</tr></table>
|
||
</div>
|
||
<h4 class="bluetitle">WHAT HAPPENS IF I GIVE AWAY OR SELL A RESOURCE? </h4>
|
||
<p>If you, your spouse, or a co–owner give away a resource or sell it for less than it is worth, you may be ineligible for SSI benefits for up to 36 months. How long you are ineligible for SSI benefits depends on the value of the resource you transferred.</p>
|
||
<div class="alert-blue">
|
||
<table cellspacing="10" border="0">
|
||
<tr><td class="bn" valign="top"><img src="images/note03.gif" width="34" height="34" border="0" alt="NOTE" onMouseOver="window.status='NOTE'; return true" /></td>
|
||
<td class="bn">See the SSI Spotlight on <a href="spotlights/spot-transfer-resources.htm" onMouseOver="a('SSI Spotlight on Transfers of Resources');return true" onMouseOut="b()">Transfers of Resources.</a></td>
|
||
</tr></table>
|
||
</div>
|
||
<br />
|
||
|
||
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