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Not all of your resources count in determining your eligibility for SSI (See §2156.) Countable resources are those left after we:
Eliminate from consideration any asset that is not a resource; and
Apply all appropriate exclusions to the assets that are resources.
Countable resources are determined on a monthly basis. We compare them with the applicable statutory resources limit to determine whether you are eligible for that month.
As of January 2009, the applicable limits are:
$2,000 for an individual without a spouse; and
$3,000 for an individual with an eligible spouse or a living-with ineligible spouse.
See §2166 for a table of resource limits.
Last Revised: Feb. 24, 2009
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Last reviewed or modified Tuesday Jan 26, 2010 |