Owning a Home and Car May Not Affect SSI Eligibility

Supplemental Security Income (“SSI”) benefits are for disabled Americans with lower income and few assets. The requirements are strict with regard to how much property you can own to qualify; however, they don’t require you to be destitute and own nothing at all. There are several important assets that the Social Security Administration (“SSA”) does not count when determining your SSI eligibility. If you have more questions about SSI eligibility, you should consider speaking with an expert at a Tulsa SSI law firm.

What Assets Affect SSI Eligibility?

Most things you own will count against the $2,000 individual limit for SSI eligibility. This includes cash, money in bank accounts, real estate, vehicles (but see below) and certain types of life insurance policies. The SSA also counts “deemed resources,” which are resources that a parent or other family member contributes to your finances.

What Assets Do Not Affect SSI Eligibility?

There are several important assets that will not have any impact on the assets limit that determines your SSI eligibility. Several of those are:

  • The home you live in and the land on which it is situated (thus, you may own a home and still qualify for SSI assistance)
  • Household goods
  • One car provided you use it for transportation and are not keeping it for another purpose such as restoration or collecting
  • Educational awards like scholarships and grants that you use to pay education expenses within the next nine months

Are you an SSI recipient? How did your assets and income affect your SSI eligibility?

Troutman & Troutman, P.C. – Tulsa Social Security disability attorneys



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2 Responses to Owning a Home and Car May Not Affect SSI Eligibility

  1. Taylor Parker says:

    My mother was wondering the other day, what effect her social security benefits. She’s been trying to get information about ssi law . I honestly have no idea what kind of research she has done already, but I would really like to try and help her figure out what effects her social security. What kinds of things help her? What kinds of things are to her disadvantage?

    • troutman says:

      Two of the most significant things that can affect your mother’s disability case are her work history and her medical treatment. It is never easy to convince the Social Security Administration (SSA) that someone is disabled, but it is less difficult to convince them if the person has a consistent work history and became unable to work due to a traumatic event or injury. However, whether she has a consistent work history or not, her medical treatment, and the extent to which that treatment supports her allegations as to her problems, is extremely significant in determining the outcome of her case. So, she needs to do her best to get the necessary treatment for the problems she has. There are numerous other factors that will affect her case, such as her age and the type of work she has done in the past. Of course, she also needs to hire a competent attorney to help her with her case. Social Security disability law is unique, and I would suggest that she hire someone who limits their law practice to that area of law.

      Steve Troutman

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