The SSA will contact you every three months to make sure you are really trying to sell the property.
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Fotolia.com, Social Security Administration: Supplemental Security Income, Social Security Administration: Resources of Supplemental Security Income Recipients, Social Security Administration: Disability Benefits. Do Not Sell My Personal Information. Social Security Disability Home Ownership Rules. Get approval tips with our SSDI Navigator, Get Approval Tips with our FREE SSDI Navigator email program, Copyright ©2020 MH Sub I, LLC dba Nolo ® Self-help services may not be permitted in all states. If you are single and your equity in the property is $2,000 or less (or if you are married and the equity in the property is $3,000), the SSA will only contact you every six months. After 6 months I will receive $1100 a month but that letter says from Social Security Administration Retirement, Survivors and Disability Insurance.
The SSA will consider your resources to include those extra proceeds (what you should have received in the sale). If the SSI recipient receives income or support from other sources, her SSI benefit can be reduced. To qualify for SSI, a person must be disabled or over the age of 65, have a very low income and have few assets. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. What counts as resources? For more information, see our article on Using Trusts for SSI Eligibility.
Its important that you make sure you let the SSA know if you are having trouble selling your property. As of 2010, a SSI recipient's total assets, not including their personal residence, must be valued at less than $2,000. (SSI is a federal benefit available to elderly and disabled people who meet the Social Security Administration’s strict income and resource guidelines.).
The benefits received during these time periods are called “conditional benefits.”. In some states, the information on this website may be considered a lawyer referral service. Each program has different eligibility requirements and different rules about income sources and the value of a recipient's assets, including real estate.
In order to take advantage of this program you will have to file an "agreement to sell" application with the SSA. By continuing to use this site you consent to the use of cookies on your device as … I'm not sure what I am getting myself. Examples of resources include: Even if you are deemed disabled by the SSA, owning excess resources can prevent you from getting SSI benefits. Non-Medical Requirements for Disability Benefits, real estate other than the home you live in, the amount of the conditional benefits you actually received, or.
The SSA doesn’t consider the value of the home when determining whether the home will be excluded; the entire value of your house will be excluded. Know how to navigate the system so you can find the home you’re looking for. The conditional benefits are treated as "overpayments," since you weren't technically eligible to receive them during that time. If the proceeds from the sale of your resources exceed the SSI resource limits discussed
SSI benefits are paid from general tax revenues.
You may be able to place your assets into a trust to preserve your eligibility for SSI. 2/3 of all initial disability applications get denied! SSI is a program administered, but not funded, by the Social Security Administration. The complexities of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) benefits leave many people wondering not only if they can buy a home, but if buying a home will, in turn, affect their benefits in the future. The attorney listings on this site are paid attorney advertising. Long or short-term disability benefits, unemployment, workman’s compensation, rental income, or any other .
Under this program, the SSA will allow you to get SSI benefits for up to nine months while you are trying to sell your excess real estate and up to three months if you are trying to sell personal property (however, you can get one three-month extension to sell personal property if you can show a good reason it wasn't sold).