What are the income and asset limits for SSI eligibility?

Supplemental Security Income (SSI) is a federal assistance program designed to help individuals with disabilities and limited income meet their basic needs. To qualify for SSI benefits, individuals must meet strict financial eligibility criteria including income and asset limits.

Income limits for SSI

As of 2021, the income limit for SSI eligibility is $794 per month for an individual and $1,191 per month for a couple. This includes income from sources such as wages, Social Security benefits, and pensions. Some income, like food assistance and housing assistance, may not count towards the limit.

Asset limits for SSI

For SSI eligibility, individuals must also meet asset limits. The limit is $2,000 for an individual and $3,000 for a couple. Assets include savings, investments, and property that can be converted into cash.

It's important to note that not all assets are counted towards the limit, such as the individual's primary residence, personal belongings, and one vehicle.

SSI financial guidelines

Meeting the income and asset limits is crucial for qualifying for SSI benefits. The program has strict rules and requirements to ensure that those who truly need assistance receive it.

Understanding the financial requirements for SSI eligibility can help individuals determine if they qualify for this vital support program for disabled individuals. Applicants should review and comply with the SSI qualification standards to maximize their chances of receiving SSI disability benefits.