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TIL in 1989, the US government set $2,000 as the limit for how much money someone with a disability can keep in savings and remain eligible for federal benefits

www.wbur.org Asset limits are just one economic hurdle people with disabilities face

It’s been decades since the government set how much money someone with a disability can keep in savings and still be eligible for Supplemental Security Income benefits.

Asset limits are just one economic hurdle people with disabilities face

https://www.thenation.com/article/society/ssi-rules-families-poverty/

The Supplemental Security Income program (SSI) was created in 1972 under the Nixon administration to provide financial support to low-income seniors and disabled people. An effort to federalize state-level adult support programs across the country, SSI is a means-tested program—there are financial requirements to be eligible. In the case of SSI, as of its last adjustment in 1989, enrollees cannot have savings of more than $2,000 as an individual or $3,000 as a family. Furthermore, SSI beneficiaries are prohibited from having retirement accounts, life insurance policies, certain types of personal property, funeral/burial policies, and access to other types of income.

[emphasis mine]

OMG I'm gonna test some means! hillgasm

amerikkka

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  • It's me!

    I actually got approved on my first try, without a lawyer or anything. I had many years of medical records, and also had to go to one of their affiliated doctors for a final check-up.

    There is one way you can have savings, but you have to have had your disability before the age of 26, and you're only allowed to spend it on certain things. Also your Social Security caseworker will not have heard of this program and you'll just have to hope they don't make it count against you somehow. https://en.wikipedia.org/wiki/ABLE_account

    Another fun fact - if someone buys you dinner, you have to report it, so they can reduce your benefits accordingly.

    When benefits are raised or reduced, that happens two months later, so if you managed a desperate attempt to make some money or received assistance, it's dangerous to spend it on what you needed it for, because at ~$8 a day after rent you can't really afford to let that go down two months from now when prices might be even higher than they are now.

    Also, you can't pay less than an even share of rent, even if you send them a blueprint of your apartment showing that you have the smallest bedroom, because anything less than an equal split counts as "housing assistance." Your benefits will be slashed accordingly.

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