Diamond Member Pelican Press 0 Posted March 28 Diamond Member Share Posted March 28 Social Security Administration to remove food assistance as SSI benefit barrier Zeljkosantrac | E+ | Getty Images The Social Security Administration has This is the hidden content, please Sign In or Sign Up that will prevent food assistance from reducing payments to certain beneficiaries. The change applies to This is the hidden content, please Sign In or Sign Up , or SSI, which provides monthly checks to adults and children who are disabled, ****** or age 65 and over and have little or no income or resources. Approximately This is the hidden content, please Sign In or Sign Up receive support either exclusively from SSI or in combination with Social Security. Under the new rule, which goes into effect on Sept. 30, food will no longer count toward calculations for eligibility for benefits, known as In-Kind Support and Maintenance, or ISM. Currently, support in the form of food, shelter or both may count as unearned income for SSI beneficiaries, and therefore reduce their payments or affect their eligibility for benefits. More from Personal Finance:Many Americans believe pensions are key to achieving the ********* DreamMillionaires may have hit their 2024 Social Security payroll tax limit78% of near-retirees ******* or barely passed a basic Social Security quiz The monthly maximum federal SSI amounts in 2024 are This is the hidden content, please Sign In or Sign Up , $1,415 for couples and $472 for essential persons — those who live with an SSI beneficiary and provide care. To qualify for SSI, beneficiaries must generally earn This is the hidden content, please Sign In or Sign Up per month from work. They must also have less than $2,000 in This is the hidden content, please Sign In or Sign Up , or $3,000 per couple. That generally includes either money or other assets that can be turned into cash, such as bank accounts, bonds, property and stocks. The new rule means SSI beneficiaries will no longer have to worry that the groceries or meals they receive from family or friends may reduce their monthly benefits, said Darcy Milburn, director of Social Security and health care policy at The Arc, a nonprofit organization serving people with developmental and intellectual disabilities. The Social Security Administration, in turn, will no longer have to use its limited resources to document every time a beneficiary received free food and then cut their monthly benefit by as much as a third, she said. “It represents a really meaningful step to address one of the most complex, burdensome and inhumane policies impacting people with disabilities that receive SSI,” Milburn said. The change is the first of several updates the Social Security Administration said it plans to put in place for SSI beneficiaries and applicants. “Simplifying our policies is a common-sense solution that reduces the burden on the public and agency staff and helps promote equity by removing barriers to accessing payments,” Social Security Commissioner Martin O’Malley said in a statement. The new rule may help provide some relief to SSI beneficiaries as high inflation continues to prompt higher food and grocery bills for all Americans. “People on SSI are one of the most food insecure groups in the ******* States,” said Thomas Foley, executive director at the National Disability Institute. The new rule may also result in fewer overpayments or underpayments of benefits, and therefore increase financial security for beneficiaries, he said. Congress may have the opportunity to enact ******* changes to SSI through a This is the hidden content, please Sign In or Sign Up that would raise the asset limits for beneficiaries to $10,000 for individuals, up from $2,000, and to $20,000 for married couples, up from $3,000. “Disability affects everybody, so it’s a bipartisan issue,” Foley said. “Restricting asset limits to the $2,000 level really impacts people’s ability to save and build a better financial future,” he said. In December, bank CEOs including JPMorgan Chase CEO Jamie Dimon testified before the Senate that they are in favor updating SSI’s rules. “We have employees who don’t want us to increase their salary because if it goes over a certain amount, they can’t get that benefit which they’re entitled to,” Dimon said in December. “This definitely should be fixed,” he said. This is the hidden content, please Sign In or Sign Up Supplemental Nutrition Assistance Program,Congress,Fiscal policy,Retiree finances,Retirees,Elderly ********,Disability benefits,U.S. Social Security Administration,Government ******** systems,Social Security,Personal finance,business news #Social #Security #Administration #remove #food #assistance #SSI #benefit #barrier This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/8328-social-security-administration-to-remove-food-assistance-as-ssi-benefit-barrier/ Share on other sites More sharing options...
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