Resources

2148. Role of Resources
The amount of your resources determines whether you are eligible for benefits. If your countable resources are within the limit for eligibility, they have no effect on the amount of your SSI payment. If, however, you have too many resources, you are not eligible for SSI benefits. However, not everything you own is a resource and not all resources counted so it important that you read this section of the Handbook for more detailed information. See also §2167.

2149. What is considered a Resource for SSI Purposes?
For SSI purposes, a resource is any a number of items owned by you (or your spouse, if any) including, but not limited to, cash, liquid assets, and real or personal property that can be converted to cash to obtain food and shelter. If you have the right, authority, or power to liquidate the property, then the SSA considers it a resource. It important that you read this section of the Handbook for more detailed information.

2150. What are Liquid and Non-liquid Resources?
Resources generally are categorized as either “liquid” or “non-liquid.” Since whether a resource is liquid or non-liquid may have an impact on your benefit, and there are certain exclusions, or you may qualify for conditional payments, then it important that you read this section of the Handbook for more detailed information. See also §2158 and §2164.

2151. What is NOT Considered a Resource?
The term “resource” does not apply to certain things including, but not limited to, for example, property that has a legal restriction preventing you being able to sell or liquidate said property (to the contrary, see the section about what is a Resource for property which is something that you have the full right to liquidate), and home energy or support and maintenance assistance may not be considered a resource. Since there are specific items that are and are not considered resources, and resources have an impact on your SSI, it is important that you read this section of the Handbook for more detailed information. See also §2139 and §2130 .

2152. What is the Ownership of Resources?
Resources may be owned outright by just one person or ownership may be shared by two or more people, and the SSA only considers that portion of a property that is designated as belonging to you can be considered your resource. Since the Ownership of Resources may have an impact on your SSI, then it is important to read this section of the Handbook for more detailed information. See also §2167 and §2166.

2153. What are Countable Resources?
Not all of your resources count in determining your eligibility for SSI, and changes were made as of January 2009 and there is a table of resources so see this section of the Handbook for more details. See also §2156 and §2166 .

2154. How Resources are Valued
The SSA generally values both liquid and non-liquid resources at their equity value. Cash, however, is always valued at its face value. Since resources have an impact on your SSI, it is important that you read this section of the Handbook for more detailed information.

2155. When are Resources Valued?
The SSA counts the value of resources at the first of the month. Since when resources are valued can have an impact on SSI, it is important that you read this section of the Handbook for more detailed information.

2156. What are the resource exclusions?
In determining countable resources, certain exclusions may apply. See this section of the handbook for a specific list of exclusions. See also §2157 2177 , §2159 , §2160 , §2161, and §2162 .

2157. Is there an Exclusion of an Automobile or Other Vehicle?
One automobile or other vehicle belonging to you, or your spouse, if any, is excluded from resources if used for transportation. Since whether or not an automobile is excluded may have an impact on your SSI, then it is important to read this section of the Handbook for more detailed information.

2158. Is Property that is Needed for Self-Support Excluded from Resources?
The SSA excludes certain property from resources if the property is necessary for your self-support. A list of what property, that may be business or non-business ,is in this section of the Handbook so you should read this section for more detailed information.

2159. Is Life Insurance considered a Resource?
Life insurance may be considered a resource under certain specific circumstances as listed in this section of the Handbook so it is important to read this section for more detailed information. See also §2161.

2160. Do Burial Spaces Count as Resources?
The value of burial spaces for you, your spouse, or for any member of your immediate family does not count as resources, but since there are details about this particular resource, it is important to read this section of the Handbook for more detailed information.

2161. Are Burial Funds considered Resources?
Money you set aside for burial up to $1,500 each for you and your spouse are excluded from resources under specific circumstances that are listed in this section of the Handbook. See also §2169 and §2159 .

2162. How are Resources Affected by a Disaster Impact my SSI?
A “major disaster” is one declared by the President. When a major disaster occurs, any assistance you receive from any number of sources as specifically listed in this section of the Handbook are excluded as resources.

2163. Is Real Property that Cannot be Sold considered a Resource?
Real property that you cannot sell is excluded from your resources, and this is specifically addressed in this section of the Handbook and it may have an impact on your SSI, then it is important to read this section of the Handbook for more detailed information.

2164. Are Conditional Payments Despite Excess Resources?
If your countable resources are more than the applicable limit, then you may be able to receive conditional payments and since the details of these payments and how they work are explained in detail in this section of the Handbook, then it is important to read this section of the Handbook for more detailed information. See also §2163 .

2165. Is your SSI Eligibility Affected if you Dispose of a Resource Below its Market Value?
Yes, if you give away or sell a resource at less than fair market value on or after December 14, 1999, then you may be ineligible for SSI for up to 36 months. It is important to read this section of the Handbook for more detailed information.

2166. What are the Statutory Resources Limits?
The tables listed specifically in this section of the Handbook show the applicable statutory resources limits, so it is important to read this section of the Handbook for more detailed information.

If you have any questions about this section of the Handbook, then you may Contact Us for more information.