SSI is a program administered, but not funded, by the Social Security Administration. SSI benefits are paid from general tax revenues. Real property is real estate such as land, condominiums, or second homes (including mobile homes). You may be able to place your assets into a trust to preserve your eligibility for SSI. Resources are anything you could sell to pay for your living expenses. In other words, the SSA will assume that you have that extra amount of money available to pay back the conditional SSI benefits you received. The attorney listings on this site are paid attorney advertising. Do Not Sell My Personal Information. Personal property includes things like jewelry, clothing, automobiles, clothing, or savings bonds. By hurtinpa in forum Worker's Compensation, By ultravioletlight in forum Employment and Labor, By Lukka in forum Divorce, Annulment and Separation, By half&half in forum Buying, Selling and Conveying Real Estate, Starting a LLC While Collecting SSDI or Long-Term Disability, Filing for Unemployment While Collecting SSDI, If this is your first visit please consider. This is because the SSA will not consider this joint property as a countable resource under these conditions. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. Also, you do not need to sell wedding rings or engagement rings, and up to $2,000 household goods and personal effects don't count toward the resource limit. However, since an SSI recipient's residence is not included in the $2,000 limit, a person can receive SSI and own his own home. Thanks for reply's. If you turn down an offer, you must be able to explain to the SSA why the offer was unacceptable. the value of the property would result in an SSI denial because of excess resources. By continuing to use this site you consent to the use of cookies on your device as … SSDI is awarded to disabled individuals who paid enough in Social Security taxes to qualify for the program. Being categorized as a newly disabled person needs some getting used to, but what could be really frustrating is the … Re: Selling Your House While Collecting SSDI If you are going to get SSDI in six months at $1100 a month and the SSI will stop, there will be no effect on your SSDI benefits if you sell your house. Once your property is sold, you will have to repay any benefits you received while waiting for the property to sell, as discussed above. If the proceeds from the sale of your resources exceed the SSI resource limits discussed above, you will still be ineligible for SSI. Papers say SSI right now with the $700 a month they give me. Each program has different eligibility requirements and different rules about income sources and the value of a recipient's assets, including real estate. The first is Social Security Disability Insurance (SSDI); the second is Supplemental Security Income (SSI). Remember, you are allowed to own one vehicle without it counting against your resource limit. home sweet home image by David Dorner from Fotolia.com, Social Security Administration: Supplemental Security Income, Social Security Administration: Resources of Supplemental Security Income Recipients, Social Security Administration: Disability Benefits. 2/3 of all initial disability applications get denied! I'm not sure what I am getting myself. If you sell your property at its current market value, you don't necessarily need to pay back the entire amount of conditional benefits paid to you. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. After 6 months I will receive $1100 a month but that letter says from Social Security Administration Retirement, Survivors and Disability Insurance. The conditional benefits are treated as "overpayments," since you weren't technically eligible to receive them during that time. The SSA may allow you to continue to receive SSI payments beyond the nine-month time limit if: The SSA will not use the benefits you get during this extended time period to repay your conditional benefits (the money paid to you during the first nine months.)