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There could be many people in the Rappahannock area who are missing out on much needed cash income because they don’t know about the supplemental security income (SSI) program, Bruce Hundley, social security manager in Culpeper, said today.
SSI, administered by social security, makes monthly cash payments to people in financial need who are 65 or over, or blind, or disabled. It makes no difference how old or young a person is to receive SSI payments because of blindness or disability, Hundley continued.
A person does not have to be destitute to receive SSI. An otherwise eligible person can own some property and have some other income and still receive SSI payments. §ut, there are limits to the
emphasized.
A person can have assets, what he or she owns, that count worth up to 51,500 (or $2,250 for a couple) and still be eligible for SSI. Not everything counts. A house the person lives in does not count as an asset, nor does an older car. Personal effects do not count. What does count are items of value—bank or savings accounts, cash, jewelry, other real estate, antiques, large insurance policies (over $1,500), and similar items.
Not all income counts. Generally, the first $20 of unearned income in a month does not count. Above that, though, the SSI payment is reduced dollar for dollar. The first $65 a month of earned income does not count. Above that, the SSI payment is reduced $1 for every $2 in earnings.
Living arrangements can affect the amount of payment. A person living in someone else’s household generally receives a reduced payment.
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