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Things To Know About SSI Asset Limits

What Is SSI?

SSI is the acronym for Supplemental Security Income. SSI is a needs-based government assistance program administered by the US Social Security Administration that offers monthly payments to eligible US citizens. These include people with disabilities of all kinds and people aged 65 and older whose income and assets fall below a certain threshold. Eligible residents in the 50 states, the District of Columbia, and the Mariana Northern Islands can receive benefits from the SSI program.


If you’re the parent or caregiver of an adult or child with disabilities, it’s essential to understand a few key things about qualifying for program benefits. Here’s what you need to know about asset limits when you apply for SSI entitlement or report changes to your financial situation.



SSI Asset Limits

Understanding SSI asset limits is extremely important because these determine whether you are eligible for benefits. The program has strict eligibility criteria that haven’t been updated since 1989, making them even more difficult to meet until the program is restructured.


“Assets” does not refer to your income, but to other resources of monetary value that you own, such as cash, real estate, vehicles, and other property. To be eligible, you must have:


  • No more than $2,000 in assets for individuals (to qualify for $914 of assistance per month)


  • No more than $3,000 in assets for couples (to qualify for $1,371 of assistance per month)

SSI Asset Limit Exclusions

Some kinds of assets won’t count against you for qualifying purposes. These are called asset limit exclusions, and they include:


  • The property you currently live in, if you own it


  • One vehicle, if it’s used for transportation


  • Household goods and personal possessions


  • Life insurance policies worth $1,500 or less in total


  • Burial plots for yourself or your family and burial funds of up to $1,500 each for yourself and your partner, if applicable


  • Your or your spouse’s trade, business, or employment-related property


  • Money set aside for what is called a Plan to Achieve Self-Support (PASS)


  • Up to $1,000 in funds in a state-administered Achieving a Better Life Experience (ABLE) account

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How much money can I make working if I’m on Social Security disability?

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