Can you Own a Home and Qualify for Social Security Disability?
Yes, you can. The social security disability program is not the least bit concerned with the subject of assets, also known as resources. So, you can file for disability if you own a single home or multiple homes or vacation home or rental properties (if you do, I envy you).
SSD (social security disability) is also not concerned with other types of assets such as multiple vehicles or investment accounts, etc. In short, assets do not affect social security disability eligibility.
SSI, of course, is a different matter. Individuals who qualify for SSI do so because they meet the social security definition of disability. But they also qualify for SSI because of non-medical factors starting with either A) not being insured for SSD and, thus, not being eligible to receive SSD benefits OR B) being insured for SSD but only being eligible to receive a fairly small SSD monthly benefit (in which case a person may potentially be eligible to receive both SSD and SSI--this is known as a concurrent claim).
How do assets affect a person's eligibility to receive SSI disability benefits? Currently, the cap on assets is set at $2000.00. What assets are counted against a person's eligibility to receive SSI? Not the house you live in and not the car you use for your basic transportation. However, if you have additional real property or additional vehicles, the fair market value of these assets will be counted against the $2000.00 limit. Also counted would be burial plots other than the one you plan to be buried in (some people buy more than one for family purposes) and cash value in life insurance policies. Basically, anything that can be quickly liquidated to cash (in a relative sense, of course) and made available for use will be considered to be a countable asset for determining SSI eligibility.
Return to:
Social Security Disability Secrets
Social Security Disability Requirements
Other Posts and Pages
Social Security Disability Fibromyalgia
Another Reason to get Representation for a Social Security Disability or SSI Case
How long does it take for a reconsideration for SSI?
How to file for disability
Disability Requirements and filing as soon as you are eligible
SSD (social security disability) is also not concerned with other types of assets such as multiple vehicles or investment accounts, etc. In short, assets do not affect social security disability eligibility.
SSI, of course, is a different matter. Individuals who qualify for SSI do so because they meet the social security definition of disability. But they also qualify for SSI because of non-medical factors starting with either A) not being insured for SSD and, thus, not being eligible to receive SSD benefits OR B) being insured for SSD but only being eligible to receive a fairly small SSD monthly benefit (in which case a person may potentially be eligible to receive both SSD and SSI--this is known as a concurrent claim).
How do assets affect a person's eligibility to receive SSI disability benefits? Currently, the cap on assets is set at $2000.00. What assets are counted against a person's eligibility to receive SSI? Not the house you live in and not the car you use for your basic transportation. However, if you have additional real property or additional vehicles, the fair market value of these assets will be counted against the $2000.00 limit. Also counted would be burial plots other than the one you plan to be buried in (some people buy more than one for family purposes) and cash value in life insurance policies. Basically, anything that can be quickly liquidated to cash (in a relative sense, of course) and made available for use will be considered to be a countable asset for determining SSI eligibility.
Return to:
Other Posts and Pages
Social Security Disability Fibromyalgia
Another Reason to get Representation for a Social Security Disability or SSI Case
How long does it take for a reconsideration for SSI?
How to file for disability
Disability Requirements and filing as soon as you are eligible
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