Overview of Disability
Disability Back Pay
Requirements for Disability
Applications for disability
Tips and Advice for Disability Claims
How long does Disability take?
Winning Disability Benefits
Common Mistakes after a Denial
Mental Disability Benefits
Denials for Disability
Appeals for denied claims
Disability Benefits from SSA
Child Disability Benefits
Qualifications and How to Qualify
Working and Disability
Disability Awards and Notices
Disability Lawyers, Hiring Attorneys
Social Security List of Conditions
What Social Security considers disabling
Medical Evidence and Disability
Filing for Disability Benefits
Eligibility for Disability Benefits
SSD SSI Definitions
SSDRC authored by Tim Moore
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What Are Countable Assets For Social Security Disability and SSI?
Social Security has two disability programs that involve different eligibility requirements. Social Security disability is based upon an insured status that is earned through work activity, while Supplemental Security Income (SSI) is based upon need.
Consequently, Social Security does not consider assets when they make a determination as to an individualís eligibility for Social Security disability benefits. Countable assets are a factor of eligibility for SSI only.
Currently, the resource limit for an individual applying for SSI benefits is two thousand dollars and the coupleís resource limit is three thousand dollars. While these limits have been the same amount for years, there is a possibility that they could change at any time. Check with Social Security to find out the current year income and resource limits. So what assets are counted as resources or assets for SSI eligibility purposes?
Social Security allows an individual or couple to exclude their highest valued vehicle and the home and land they live on. If an individual or couple own land other than the land they live on, own more vehicles, boats, motorcycles, bank accounts, stocks, bonds, or any other item that could be sold for cash, it will be counted against the SSI resource limit.
It makes sense that all resources or assets that could readily be turned into cash be counted toward the SSI disability program resource limit. After all, SSI is a need-based program. This program is in place to help those who have not worked that much, worked a long time ago, those who have not worked at any time in their life, and children (their parents must meet the income and resource limits) to have the possibility of financial help through monthly disability benefits.
If an individual or couple has assets or resources above these limits, it is reasoned that they are more able to provide for their support than those who are under the limits or have no resources at all.
What are the specific assets that count for SSI Disability?
Return to: Social Security Disability Resource Center, or read answers to Questions
What assets count for SSI Disability?
Countable Assets For Social Security Disability and SSI?
Are assets important when you file a disability claim?
What happens if I am on disability and sell a mobile home or other property?
Is there a waiting period for SSI or SSDI?
Information on the following topics can be found here: Social Security Disability Questions and in these subsections:
Frequently asked questions about getting Denied for Disability Benefits | FAQ on Disability Claim Representation | Info about Social Security Disability Approvals and Being Approved | FAQ on Social Security Disability SSI decisions | The SSD SSI Decision Process and what gets taken into consideration | Disability hearings before Judges | Medical exams for disability claims | Applying for Disability in various states | Selecting and hiring Disability Lawyers | Applying for Disability in North Carolina | Recent articles and answers to questions about SSD and SSI
These pages answer some of the most basic questions for individuals who are considering filing a claim.
How to Apply for Disability - What medical conditions can you apply and qualify for?
Applying for Disability - How long does it take to get Social Security Disability or SSI benefits?
What happens if I file a disability application and it is denied by a disability examiner or Judge?
How to Prove you are disabled and qualify to win disability benefits
How do you prove your disability case if you have a mental condition or impairment?
Social Security Disability Back pay and How Long it Takes to Qualify for it and receive it