Search
 
Current course:  SSI/SSDI Outreach, Access, and Recovery (SOAR) Online Course: Adult Curriculum

SSA-8000, Part 3: Resources

SSI was established as a benefit program for aged, blind, or disabled people determined to have low income and limited resources. Financial eligibility criteria for SSI have been established by statute. SSA rules and policies ensure that the applicant meets the income and resource standards before DDS determines whether the applicant meets the disability standard.


Remember that SSI is based on need. Determining if a person has assets that can be easily liquidated to help provide support is part of the SSA need equation. Many, if not most, of the individuals you serve will not have countable resources, but it is important to ascertain whether they do. It is possible that an applicant has forgotten about certain assets or that the symptoms of illness have made it difficult to manage his/her assets. Be sure to explore whether or not the person has any assets. 
 

Value of Resources

SSA regulations indicate that the total value of resources cannot exceed $2,000 for an individual applicant or $3,000 for a couple (as of 2019)
  • The same rationale applies to examining sources of income
  • Check our SSA Forms and Resources page for up-to-date information about resource allowances and other SSA benefit updates.

Uncounted and Counted Resources

SSA does not require applicants to determine the value of personal belongings, but certain other valuables are counted as resources.
 
Resources
Uncounted Counted
  • One car or truck if necessary for daily activities
  • House in which the applicant resides
  • Household goods of limited value
  • Life insurance with a face value of less than $1500
  • Burial spaces and expense funds up to $1500
  • Bank accounts
  • Other real estate
  • Investments (stocks & bonds)
  • Life insurance (face value more than $1500)
  • Money or property given away, sold, transferred, or disposed of within 30 months of applying
  • Burial spaces and expense funds with a value greater than $1500

Trusts are counted as resources. Trusts can be very complicated. Contact SSA to get help in sorting out trust information.

SSA-8000: Questions about Resources

The questions in this section pertain to the first day of the filing date month. Take a moment to familiarize yourself with how questions about assets are worded.
#39 – trusts
#40 – vehicles
#41 – real estate, mineral rights, safe deposit boxes
#42 – cash and/or bank accounts, certificates of deposit, ABLE Accounts, or credit union
*Note that 42c asks for permission to obtain financial records for any financial institution. SSA will need to verify the applicant’s income and resources, in order for them to be eligible for SSI.
#43 – stocks, mutual funds, bonds, promissory notes, or other items that can be turned into cash
#44 – life insurance policies
#45 – recently acquired assets
#46 – estate assets or items acquired for their value as an investment
#47 – burial expense contracts
#48 – cemetery lots or repositories for burial (including crypts, caskets, vaults, urns, mausoleums, headstones, or markers)
#49 - recently transferred property or assets