The Social Security Administration (SSA) has announced a significant change to the Supplemental Security Income (SSI) program, effective September 30th. The rule prohibits reductions in food aid payments for certain seniors and individuals with disabilities, aiming to make the program more accessible and streamline the process.
Social Security Benefits New Rule
The current Social Security Income (SSI) program considers in-kind support and maintenance (ISM) like food and housing as unearned income, potentially reducing payments or affecting eligibility. A new rule eliminates food from this calculation, ensuring food aid doesn’t impact SSI benefits, a significant change for the estimated 7.4 million Americans who rely on SSI.
SSI applicants must meet strict financial criteria, earning less than $1,971 per month and having resources worth less than $2,000 or $3,000 for couples. This rule relieves recipients from having their benefits reduced due to food received from friends or family. Darcy Milburn, director of social security and health policy at The Arc, believes this change could streamline the administrative process by eliminating the need to track every instance of food aid received by beneficiaries.
SSI Potential Future Reforms
The SSA is considering a bipartisan proposal in Congress to increase the asset limits for SSI recipients to $10,000 for individuals and $20,000 for couples, aiming to enable recipients to save more and build a better financial future. However, this bill is still under consideration, requiring potential applicants to stay informed.
The National Disability Institute’s executive director, Thomas Foley, has proposed increasing asset limits to improve financial stability and flexibility for recipients, despite the significant impact of current limits.
Applying for Social Security Income
To apply for Social Security Insurance (SSI), it’s advisable to consult with a Social Security representative or financial advisor. The SSA offers an online application option, making it easier for individuals to apply for SSI and SSDI benefits.
Social Security Income FAQ
What is the new rule about Social Security Income?
Effective September 30th, food aid will no longer be considered unearned income for SSI eligibility and benefit calculations, ensuring recipients’ benefits are not reduced.
Who can get Social Security Income?
SSI benefits are offered to individuals earning less than $1,971 per month and having less than $2,000 in assets like cash, stocks, bonds, and other assets.
SSI New Rule Benefits?
The rule eliminates food from income-related items, preventing reductions in SSI benefits, simplifying the process for recipients, and reducing administrative burden on the SSA.
