The Supplemental Security Income (SSI) program is a program run by the Social Security Administration that offers benefits to disabled people with limited financial resources.
SSI is designed to provide a cash benefit to recipients so that they can purchase food and shelter.
To determine if you qualify for the SSI program, your income and resources are taking into consideration.
INCOME is any money that you earn (such as wages, disability benefits and pension).
There are 4 different types of income that Social Security considers. They are:
- Earned income (any money you have earned such as wages and money from self-employment)
- Unearned income (any income that you have not earned such as social security benefits and unemployment benefits)
- In-kind income (any shelter or food you may receive at a subsidized price or for free)
- Deemed income (this is income from a spouse or, in the case of a child under the age of 18, parents who they live with)
There are some common sources of income that Social Security does not include while determining your eligibility for SSI. These include income tax refunds, need-based assistance from a state or local government, grants and scholarships for educational expenses, and any pending loans that you have to repay.
RESOURCES are defined as things that you own that bring you money (such as rental properties, stocks and bonds, and bank accounts).
Some common assets that you may own that are not considered resources when determining your SSI eligibility. These include the home you live in and one vehicle.