Excluded resources are resources that don’t count towards SSI’s resource limit. 4. Recipients must be at least age 65, or blind or disabled. Those receiving or applying for Supplemental Security Income (SSI) must have resources of less than $2,000 for an individual or $3,000 for an eligible couple. Fortunately, the home the SSI applicant or recipient lives in is excluded from counting towards this resource limit. When it comes to Social Security there are two different programs; social security insurance (SSI), and Social security disability insurance (SSDI).We have explained the difference between the two programs in the past, but it’s important to keep in mind that SSI is income-based, and SSDI is based on work credits. The value and ownership of Homestead property must be verified for individuals applying for Nursing Home or HCBS.) How The SSI Car Rules Work One car is excluded as a resource, but the additional cars count as resources. More than 8 million U.S. residents collected $4.3 billion in Supplemental Security Income benefits in March 2011. If you’d like to see the detailed (and confusing) regs, here’s where you can find the SSI car policies. A home is any property in which an individual (and spouse, if any) has an ownership interest and which serves as the individual's principal place of residence. In 2005, the Social Security Administration (SSA) issued important regulations designed to simplify what assets are excluded when determining a person’s eligibility for benefits. SSI resource exclusions applicable to extra help determinations include the following: The individual's home. There are some common problems with resources for those applying for and receiving SSI. Ownership must be verified for excluded Homestead property and excluded automobiles for all SSI-related categories. 1. To be eligible for SSI, an individual or couple must have countable resources that are no more than the resource limit. For purposes of this exclusion, a home is any property in which the individual (and spouse, if any) have an ownership interest and which serves as the principal place of residence.
In addition, both SSI and SSDI have the same strict medical criteria for qualification.
The alleged value of … 3. Supplemental Security Income (SSI) is a needs-based program with strict limits and complicated rules related to resources. In some cases, a second car can put you over the resource limit. Supplemental Security Income (SSI) ... bank statements, deeds, and other proof of property ownership as part of your application. 2. In addition, income and assets must fall within certain limits. Section from SSI site about excluded home when selling; Social security Exclusion of the Home; (a) Defined.
Any land adjoining the property