Individuals on SSI are also permitted to open ABLE savings accounts now
https://www.ablenrc.org/what-is-able/what-are-able-acounts/
Inge Formenti
On Fri, Oct 4, 2019, 10:28 PM Vickie <happytraveler1972@xxxxxxxxx> wrote:
Fri, 4 Oct 2019 13:10:43 -0400
SSI change that might be coming
A bill introduced in Congress would give more flexibility to people
receiving Supplemental Security Income benefits. (Disability Scoop)
People with disabilities who receive Supplemental Security Income would
be allowed to keep substantially more assets and would no longer be
penalized for
marrying under a new proposal.
Currently, in order to retain benefits, SSI recipients generally can
have no more than $2,000 to their name at any given time.
Lawmakers in the U.S. House of Representatives are looking to
significantly increase that ceiling, with a bill introduced this month
that would raise SSI's
asset limit to $10,000 for an individual and $20,000 for couples.
In addition, the Supplemental Security Income Restoration Act, or H.R.
4280, would increase the amount of disregarded income that beneficiaries
can take
in each month. And, the bill would repeal penalties for marrying or
receiving financial, food and housing assistance from family members.
Backers say the time has come to update Social Security's SSI program,
which has remained largely static since 1972.
"This issue is one I have heard about directly from autism advocates and
families in our district, particularly parents preparing for children
with disabilities
to transition into adulthood," said Rep. Elissa Slotkin, D-Mich., who
introduced the measure along with Rep. Raúl Grijalva, D-Ariz. "This bill
brings the
Supplemental Security Income (SSI) program's outdated limits up to speed
with inflation - a common-sense adjustment that will make a huge
difference for
individuals and families caring for someone with disabilities."
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