In a previous post we began a discussion on Supplemental Security Income (SSI). The program gives payments to those that are disabled, aged or blind and have limited resources and income.
The monthly payments are calculated differently than they are for SSD benefits. The administration first takes the Federal Benefit Rate, which is $733 for a qualified individual and $1,100 for a qualified couple right now. This is the rate for 2016. Then the countable income is subtracted from the FBR. There are certain exclusions that may not count as countable income.
An attorney who is experienced in working with SSI applicants can help figure out what exclusions you may qualify for. These are some of the things that the Social Security Administration may not count as income:
–Supplemental Nutrition Assistance Program (SNAP), previously known as food stamps–Some home energy assistance–Shelter provided by a private nonprofit–Wages as a student or scholarship money–Wages used to pay for items or services needed by disabled in order to work (wheelchair, transportation, training, etc)–Life insurance policies with a value of $1,500 or less–Your vehicle–Your land and home–Burial plots or funds
It’s important to remember that the key term is “may not.” In some instances, they may end up counting them as income. This is where an attorney can work to make sure these resources and income sources are not used against you when applying for Supplemental Security Income. In our next post, we will continue looking at the various qualifications that need to be met in order to qualify for these benefits.