SUPPLEMENTAL SECURITY INCOME FOR CHILDREN

Not only can adults be eligible to receive Supplemental Security Income (SSI), but children are eligible as well. The Social Security Administration (SSA) defines a child as an individual who is neither married and neither considered head of household. The Social Security Administration (SSA) considers a child to be less than eighteen (18) years old or an individual who…

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COST-OF-LIVING ADJUSTMENTS (COLAS) AND SUPPLEMENTAL SECURITY INCOME

COLAs are referred to cost-of-living adjustments. Social Security’s benefit increases have been determined by the hike in cost of living which is measured by the Consumer Price Index. The increases are termed Cost-of-Living Adjustments. At times adjustments are made to Social Security as well as Supplemental Security Income (SSI) to prevent inflation. When the cost-of-living rises, the monthly Federal Social Security…

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RESOURCES & SUPPLEMENTAL SECURITY INCOME

What are Resources?According to the Social Security Administration (SSA), the term resources refers to money and other items that an individual may own and in turn can change into cash funds. The Social Security Administration (SSA) provides a list of sample resources that includes cash, bank accounts, stocks, U.S. saving bonds, land, life insurance, personal property, vehicles, deemed resources, and…

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POOLED INCOME TRUST
(PIT)

POOLED INCOME TRUST
(PIT) WHY USE A POOLED INCOME TRUST? Pooled Income Trusts offer several key benefits for individuals seeking Medicaid eligibility, particularly for older adults and people with disabilities. Here are the primary advantages: Overall, Pooled Income Trusts serve as a valuable tool for individuals to navigate the complexities of Medicaid eligibility while ensuring they…

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Social Security Administration’s View on Automobiles/Vehicles

There are some items the Social Security Administration (SSA) considers exempt resources/assets. You are probably wondering, “What does that mean.” Such items are not counted against the $2,000 asset limit for individuals and the $3,000 asset limit for couples (Except California), are not counted in determining eligibility, and if a beneficiary has such items, will…

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SOCIAL SECURITY DISABILITY: CONTINUING DISABILITY REVIEWS

Social Security Disability: Continuing Disability Reviews Sara Toor, M.A. & Cameron Lindahl, M.S.  A Continuing Disability Review is referred to as a CDR. The Social Security Administration (SSA) periodically reviews cases of Social Security Disability beneficiaries to analyze a beneficiary’s disability or blindness to decide if a beneficiary is still determined disabled and unable to…

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HOW DOES THE SOCIAL SECURITY ADMINISTRATION DEFINE DISABILITY?

How Does the Social Security Administration Define Disability? William Lindahl, MBA, CLPF & Sara Toor, M.A For AdultsFor an individual to meet the Social Security Administration’s (SSA) definition of disability, an individual must not be able to engage in substantial gainful activity (SGA) due to a medically-determined physical or mental impairment that would result in…

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SOCIAL SECURITY ADMINISTRATION’S VIEW ON AUTOMOBILES/VEHICLES

There are some items the Social Security Administration (SSA) considers exempt resources/assets. You are probably wondering, “What does that mean.” Such items are not counted against the $2,000 asset limit for individuals and the $3,000 asset limit for couples, are not counted in determining eligibility, and if a beneficiary has such items will not jeopardize…

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OBTAINING A BENEFIT VERIFICATION LETTER ONLINE FROM THE SOCIAL SECURITY ADMINISTRATION

What is a Benefit Verification Letter?Are you unsure of which government benefits you are receiving? The Social Security Administration (SSA) can provide an individual with a letter that shows proof that an individual receives social security benefits, such as, Supplemental Security Income (SSI), or Medicare benefits, or has applied for such benefits. According to the…

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WHAT IS EARNED INCOME?

Individuals who receive Supplemental Security Income (SSI) benefits will lose eligibility for Supplemental Security Income (SSI) payments if he/she receives earned income. Earned income may be cash or in kind. The Social Security Administration (SSA) refers income paid as in-kind earned income as the value of food, clothing, shelter or other items provided to the beneficiary of Supplemental Security Income (SSI)…

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