Addressing SSI Overpayments in Depth
What is an Overpayment?
The Social Security Administration (SSA) describes an overpayment as an individual receiving more money for a month than the amount an individual should have received. Basically, the amount of the overpayment is the difference between the amount the individual received and the actual amount due.
Triggers for an Overpayment
There is a list of triggers that could cause an individual to receive an overpayment. The causes for an overpayment include:
Receiving Child Support Payments and its Impact
The Social Security Administration (SSA) defines child support payments as “a payment from a parent to meet the child’s needs for food and shelter. Child support can be in cash or in-kind; it can be voluntary or court ordered.” Child support payments are considered unearned income to the child who receives supplemental security income (SSI) benefits. For supplemental security income (SSI) purposes, according to the Social Security Act, a child is neither married, nor the head of a household and is either:
Holding on to Uncashed Checks
William Lindahl, MBA, CLPF & Sara Toor, M.A
Individuals generally think that if that they receive a check in their name and do not cash it, it will not be counted as income if they are receiving Supplemental Security Income (SSI). According to the Code of Federal Regulations 20 CFR 416.1201.b., uncashed checks are liquid resources in that they are an available resource which can be converted to cash within 20 days.
William E. Lindahl, MBA, CLPF