Highlights From the New POMS

Special Needs Planners are excited about the new POMS that the Social Security Administration released regarding Special Needs Trusts. Learn

What Assets Are Not Counted When Applying for SSI?

Supplemental Security Income (SSI) is a federal program that helps people with disabilities and very low incomes pay for food, clothing and shelter. SSI is often confused with Social Security Disability Insurance (SSDI). One of the main differences between the two programs is that SSDI is available to people with disabilities no matter how much money they earn or have, while SSI places very strict limits on a recipient's income and assets. However, in most states, an SSI beneficiary also qualifies for Medicaid health coverage, which can be an extremely valuable benefit. Once an SSI applicant has shown that she is disabled, she must also prove that she meets the program’s rules for income and

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