ssi asset limit bill

Senate Bill Looks at Raising $2,000 SSI Asset Limit

Legislation introduced in the the Senate would raise the $2,000 limit in Assets that’s a recipient can have.  It would be the first time the asset limit was raised since 1989.  Currently if a Supplemental Security Income (SSI) recipient has more than $2,000 in assets their social security benefits will be cut off.  If the bill becomes law the new limit would be $10,000

The bill will also remove restrictions on family members providing support for their loved ones who receive SSI.  Currently family members that help out their loved ones that receive $725 a month with food, financial or housing support results in that money being deducted from social security payments as it must be reported as income.

The bill was introduced by Senator Elizabeth Warren (D-MASS) and Senator Sherrod Brown (D-OHIO).

2 thoughts on “Senate Bill Looks at Raising $2,000 SSI Asset Limit”

  1. No one should ever be cut off of any type of SSI benifits due to there ASSETS, no mater how much they have. You can not expect people who worked all there lives to live on there assets before getting help from SS. the meaning of Social security is social security.

  2. SSI is different from Social Security. SSI is for the severely impoverished, for example.
    Disclaimer: I’m just a citizen and not associated with this web site, blah blah talk to your lawyer blah blah blah.

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