Social Security Disability and assetsAre assets (meaning cars, cash, property etc.) important when you file a Social Security Disability or SSI claim? Well, the answer depends on which disability program you are talking about. Social Security Disability is a program that is based on being insured for disability benefits as a result of having worked long enough and having paid enough into the system. For Social Security Disability, the assets you have are not an issue and do not enough get considered in the disability decision process. SSI, however, is different. The Supplemental Security Income program (otherwise known as SSI) is based on need, therefore your resources and income have to be evaluated when your claim is filed. Most often, when you file for Social Security Disability (not a need based program), you will be asked questions about income and resources to ascertain if you also may qualify for SSI. Why you might ask? Well, Social Security Disability has a five-month waiting period in which you will not be paid a benefit even if you are approved, and you may be qualified to receive SSI during those months if you meet the income and resource limits. 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. Most popular topics on SSDRC.com Social Security Disability in North Carolina Common Mistakes to avoid after being denied for Disability Tips to Prepare for Filing for Social Security Disability or SSI Advice to Win SSD and SSI Benefit Claims Social Security Disability SSI Questions What is the difference between Social Security Disability and SSI? How to get disability for depression Getting disability for fibromyalgia SSI disability for children with ADHD What is the Application Process for Social Security Disability and SSI? Social Security Disability SSI Exam tips More Social Security Disability SSI Questions What makes you eligible for Social Security Disability or SSI? Related pages: Applying for Disability Warrenton North Carolina Questions asked during a disability hearing Do you have to go to a mental exam after applying for disability? How to dress at a disability hearing SSI reconsideration Disability hearing decision Disability hearing results If you apply for disability in Tennessee Will I qualify for disability Benefits Tennessee? Getting a Disability Lawyer in Tennessee |
