Social Security Disability Resource Center

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Does Social Security limit how much money you can keep in the bank?




 
Topic: Social Security Disability and money in the bank

Question: Does receiving Social Security Disability limit the amount of money you can keep in a savings or checking bank account like Social Security does?

No, SSDI (social security disability insurance) is not concerned with assets at all. Of the two disability benefit programs operated by the Social Security Administration (title II SSDI and title 16 SSI), only SSI has an asset or resource limit. This limit is currently $2000 for a single individual and $3000 for a married individual.

The reasoning for this is that SSI is a need-based program and SSDI is an earned benefit, earned through fica contributations deducted from paychecks or from paid by self-employed individuals. So, to answer the question, no amount of assets will affect Social Security Disability.








  • What medical conditions will get you approved for disability?

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  • Which conditions will social security recognize as a disability?

  • Tips for getting Social Security Disability or SSI benefits approved







  • SSDRC Homepage:

    Social Security Disability and SSI Resource Center



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    Medical exams for disability claims

    Applying for Disability in various states

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    Social Security Disability and SSI Claim Reviews

    Social Security Disability SSI System and Benefits for Children




    Denials, Appeals, and Getting a Disability Lawyer or Representative

    What you should know about Social Security Disability and SSI Denials

    Questions about Disability Lawyers and Hiring a Disability Attorney

    Frequently asked questions about getting Denied for Disability Benefits

    FAQ on Disability Claim Representation

    Disability hearings before Judges

    Selecting and hiring Disability Lawyers




    Various Types of Benefits including SSI, Mental, and Child benefits

    Social Security and SSI based on Mental Disability

    Social Security Disability or SSI Benefits for Children

    Disability Benefits through Social Security




    Filing for Social Security Disability or SSI Benefits

    Social Security Disability SSI: Medical Evidence and Records

    Filing your claim for disability benefits

    Eligibility for receiving disability benefits

    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




    Resources on this site

    Social Security Disability, SSI Terms and Definitions

    Previously answered questions regarding SSD and SSI






    For Individuals living in North Carolina

    Applying for Disability in North Carolina

    North Carolina Disability Lawyer




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