How Social Security Evaluates A Trust As A Countable Resource

How Social Security Evaluates A Trust As A Countable Resource

A person’s resources affect the ability to qualify for crucial government benefits. The Social Security Administration (SSA) sets forth resource limits for SSI applicants and recipients. For example, to qualify for Supplemental Security Income (SSI), countable resources must not be worth more …
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Qualifying For Disability Benefits As An Adult

Qualifying For Disability Benefits As An Adult

Social Security benefits are available through the Social Security Disability Insurance (SSDI) program to people who cannot work because they have a medical condition expected to last at least one year or result in death. Adults must meet a very …
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Social Security Recipients to Pocket 5.9% Benefit Increase

Social Security Recipients to Pocket 5.9% Benefit Increase

Recently, the federal government announced the cost-of-living adjustment (COLA) for 2022. This adjustment is applied to federal benefits to be disbursed in 2022. Many analysts expected that the COLA would be the highest since 1983 when it was 7.4 percent. …
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Understanding Eligibility Rules for Means-Tested Programs, Part Two

Understanding Eligibility Rules for Means-Tested Programs, Part Two

The second part of this blog will discuss the way that income is characterized for a means-tested entitlement program and how it affects a benefit award. The federal Supplemental Security Income (SSI) program rules distinguish between and characterize income in …
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Understanding Eligibility Rules for Means-Tested Programs, Part One

Understanding Eligibility Rules for Means-Tested Programs, Part One

Eligibility rules for many critical essential entitlements are means-based. Thus, any income and assets received by an individual with disabilities will affect the benefit awards that they potentially receive from these types of entitlement programs. Therefore, the effect of these …
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