SSDRC authored by Tim Moore
Social Security Disability and SSI Questions and Answers
What is the Application Process for Social Security Disability and SSI?
How do you Win Benefits under Social Security Disability or SSI?
If I am determined disabled, how far back will Social Security pay benefits?
How do you prove your disability case if you have a mental condition?
What Can I Do to Improve My Chances of Winning Disability Benefits
Common Mistakes after Receiving a Denial of Social Security Disability or SSI Benefits
How to File for Disability - Tips for Filing
If You Get Approved For SSDI Will You Also Get Medicare?
How much does a Social Security disability attorney get paid?
Social Security Disability SSI Criteria and the Evaluation Process
How long does it take to be approved for SSI or Social Security disability?
What do you Need to Prove to Qualify for Disability Benefits?
Social Security Disability SSI and Fibromyalgia
Social Security Disability SSI and Degenerative Disc Disease
Can I Qualify For Disability and Receive Benefits based on Depression?
More questions about SSD and SSI
What Disabilities Qualify for SSI and Social Security Disability Benefits?
Social Security Disability Status
Social Security Disability Tips — how a claim gets worked on
Social Security Disability, SSI Disability - Terms, Definitions, Concepts
What Are Countable Assets For Social Security Disability and SSI?
How to prove you are disabled
and win disability benefits
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 individual’s 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 couple’s 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: SSDRC, or the Social Security Disability Questions page