Q: Is it true that a person can own a home and still be eligible for Supplemental Security Income (SSI) benefits?
A: Yes, a person who owns a home and lives in that home can be eligible for SSI benefits. SSI is for people who are disabled, aged or blind and who have limited income and resources. However, there are some items we do not count as resources, such as the home you live in. For more information, read the booklet, Supplemental Security Income, at www.socialsecurity.gov/pubs/11000.html.
Q: I know you need limited resources to receive SSI. But what is deemed a resource?
A: Resources are things you own that you can use for support. They include cash, real estate, personal belongings, bank accounts, stocks and bonds. To be eligible for SSI a person must have no more than $2,000 in countable resources. A married couple no more than $3,000 in countable resources. If you own resources over the SSI limit, you may be able to get SSI benefits while trying to sell the resources. Not all your resources count toward the SSI resource limit. For example:
You may also wish to read material on "resources" in the booklet, Understanding SSI at www.socialsecurity.gov/ssi/text-understanding-ssi.htm.
This column was prepared by the Social Security Administration. For fast answers to specific Social Security questions, contact Social Security toll-free at 800-772-1213.