What are the income and asset limits for SSI?

SSIIn order to be eligible for Supplemental Security Income (SSI), you have to be disabled under Social Security’s definition, and you have to meet the income and asset limits.

SSI is a needs-based program that is only available to people with limited resources. Resources include money in your bank account, stocks and bonds, real estate and other things that have a cash value.

To be eligible for SSI, your “countable” resources must be less than $2,000 for an individual or $3,000 for a couple. Countable resources means resources that count toward that limit. Many things you may own do not count, including these items:

  • the home you live in
  • some household and personal items
  • one vehicle, if you or a household member uses it for transportation
  • life insurance policies with a per-person face value of $1,500 or less
  • your, or your immediate family members’ burial plots
  • property that you or your spouse uses for a job or business

There are also income limits for SSI, which are based on the federal benefit rate. The federal benefit rate is the monthly income limit for SSI and is also the maximum monthly SSI payment. For 2015, this amount is $733. In order to be eligible for SSI, you cannot have monthly income over the federal benefit rate. However, only some of your income counts toward the limit. For instance, if you are earning some money from working, less than half of your monthly income will count toward the limit, so it is possible to make more than the federal benefit rate per month, but still be eligible for SSI payments.

The above is a general description of the income and asset limits, and more detailed rules may apply in your case. Your individual financial eligibility for SSI will be determined by a Social Security claims representative, who may ask you for documentation of your income and resources. For instance, if you had certain assets at one time, you may have to show proof that you no longer own those assets.

10 Comments on What are the income and asset limits for SSI?

  1. If land is sold and used to pay off personal debts, how will that affect disability income?

    • The crucial factor would be whether the person is receiving Social Security disability insurance (SSDI) or Supplemental Security Income (SSI) benefits. SSDI is not means-tested, so unearned income such as from the sale of land would not affect SSDI benefits. SSI beneficiaries, on the other hand, are no longer eligible for benefits if their resources rise above $2,000. (Certain assets, such as the house the person lives in and one car that they use for transportation, are exempt from that calculation.) However, SSI beneficiaries become eligible again if they spend down those resources in acceptable ways, which may include paying off debts.

  2. Cara Serrano // December 10, 2016 at 9:35 am // Reply

    My husband and I make over the allowed monthly income for my 4 year old son to qualify for ssi benefits. We have to take out a private insurance policy on my son to cover the therapy our health insurance will not. That is going to cost us $600 a month. Is that factored in when we apply for benefits?

  3. If a person is living in a group home, but still owns their former home, this will count as an asset. My question is does putting the home up for sale allow one to qualify for SSI or must the home actually be sold?

    • An important first consideration in this circumstance is whether the person has a spouse or dependent relative living in the home, or whether sale of the home would cause undue hardship due to loss of housing for a co-owner. If any of these exceptions apply, then the home can still be excluded. See section B.5 on this Social Security webpage.

      To avoid the value of the property (or the proceeds from its sale) making the person ineligible for SSI, the person may wish to transfer the home to a family member. Normally, transferring a resource for less than fair-market value is against the rules and will make the person ineligible, but there are exceptions if the home is transferred to certain family members. See this Social Security webpage.

      If none of these exceptions apply, another option may be to sell the home and put the proceeds into a trust, which can be for the benefit of the person in the group home under certain circumstances. The rules on that are complicated and you should consult with an attorney in your area.

      To answer your specific question, I am not aware of any circumstance where simply putting the home up for sale, without it being sold, has any effect in itself.

  4. Filipina Cardona // March 13, 2017 at 2:18 pm // Reply

    I am 76 years old, and started receiving SSS pension in 2014 for $750. On Dec 2016, I retired from Safeway Grocery store and received monthly pension from the company of $198 a month. So I receive a total of $948/month.

    This amount is not sufficient to buy food and pay bills. Am I eligible to apply for SSI to augment my pension?

    I appreciate any information that you can provide.

    Many Thanks,

    • The federal benefit rate for Supplemental Security Income (SSI) for an eligible individual is $735 per month in 2017. Generally speaking, SSI will only bring you up to that amount, so if you already have income higher than that, you would not be financially eligible for SSI. An often overlooked benefit that can help many people stretch their monthly budget is the Supplemental Nutrition Assistance Program (SNAP).

Leave a Comment or Question (it will be moderated and will not appear immediately)