What are Income and Asset Limits for SSI?
Oct. 6, 2020
Attorney Brent L. Klender discusses income limits for SSI.
For those applying for Supplemental Security Income (SSI), there are different eligibility requirements from those used to determine eligibility for Social Security Disability Insurance (SSDI) benefits that must be taken into consideration. With SSDI, eligibility for benefits is based primarily on what one has paid in SSA taxes for at least 5 out of the last 10 years while working in states like Indiana and Texas. However, for those who have not paid SSA taxes during that time frame, they may be eligible for SSI. Please be aware that household income and personal assets are key factors.
There are strict income limits for those eligible for SSI. It is based on what is referred to as the federal benefit rate (FBR), which represents the income limit for SSI and the allowable monthly payment. The rate is different for individuals and couples who apply for this type of assistance.
Countable monthly income cannot be in excess of the FBR for those eligible to receive SSI, but the Social Security Administration in making an eligibility determination only counts a portion of one’s income in states like Texas and Indiana.
A Social Security Disability attorney can help individuals seeking to apply for these benefits understand their eligibility and assess whether their income or assets exceed required limits in accordance with state and federal guidelines.
Attorney Brent L. Klender is available to help those who need assistance filing for Social Security benefits. Mr. Klender is highly experienced in helping applicants obtain a successful outcome for their cases throughout Indiana and Texas. Individuals may contact today to request a free case evaluation.