What Are the Social Security Disability Requirements For Personal Assets?

In the SSI disability program, personal assets would be considered when making a disability determination and could potentially vehicles, land, cash, trust funds, stocks, rental houses, antiques, or even jewelry.

In actuality, the assets for SSI that could make a person not eligible to receive benefits would be any combination of "countable assets" that equal at least $2000 in value. What are countable assets? Real estate other than the home you live in, cars other than the one you mainly drive, and cash in accounts other than what you need to pay bills would all be counted. Essentially, anything that is "excess" would count.

Why are assets counted for SSI? Because SSI is a need-based program, versus Social Security Disability which is based on work history credits. This being the case, if an individual is over the asset resource limit, they do not meet the requirements of SSI.

What do assets have to do with the requirements of the Social Security Disability program? Absolutely nothing.

Social Security Disability has non-disability requirements, but they are not about assets. Disability applicants must be insured to meet the non-disability requirements of the Social Security Disability program. Insured status is earned through work activity. Each year a person can earn four work credits or quarters of coverage toward insured status for Social Security Disability.

What does all of this mean? That there is no need for an individual to be worried about filing for Social Security Disability if they have assets, because there are no resource limits for the Social Security Disability program. In other words, SSD is not at all concerned with how much you have in assets. SSD does not even look at assets. SSI, on the other hand, has an asset limit of $2000.

Additional information:

What are the Assets that count for SSI Disability?

About the Author: Tim Moore is a former Social Security Disability Examiner in North Carolina, has been interviewed by the NY Times and the LA Times on the disability system, and is an Accredited Disability Representative (ADR) in North Carolina. For assistance on a disability application or Appeal in NC, click here.

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