WHAT ARE RESOURCES?

A resource is money as well as something that you own and can turn into cash. Examples of resources are property, stocks, bonds, and bank accounts.

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WHY ARE RESOURCES IMPORTANT IN THE SSI PROGRAM?

Supplemental Security Income (SSI) is a needs-based program. To get SSI, your countable resources must not be worth more than $2,000 for an individual or $3,000 for a couple. We call this the resource limit.

Countable resources are the things you own that count toward the resource limit. Many things you own do not count.

WHAT THINGS DO NOT COUNT TOWARD THE RESOURCE LIMIT?

The following things generally do not count toward the resource limit, no matter how much they are worth:

    small blue and black arrowthe house you live in;

    small blue and black arrowone vehicle, if it is used for transportation for you or a member of your household;

    small blue and black arrowlife insurance policies you own with a face value of $1,500 or less per person;

    small blue and black arrowburial plots or spaces for you or your immediate family;

    small blue and black arrowa burial fund of up to $1,500 each for you and your spouse's burial expenses;

    small blue and black arrowhousehold goods and personal effects;

    small blue and black arrowproperty you or your spouse use in a trade or business, or on your job if you work for someone else; and

    small blue and black arrow if you are disabled or blind, money or property you have set aside under a Plan to Achieve Self-Support (PASS).

There are other things you own that may not count as resources for SSI. Sometimes, you might be able to get monthly benefits even if you own things that put you over the resource limit.

For more information, see the Spotlight , “Getting SSI While You Try to Sell Excess Resources”.



THIS INFORMATION IS GENERAL.
FOR MORE INFORMATION, CALL 1–800–772–1213 (TTY 1–800–325–0778),
VISIT OUR WEBSITE (www.socialsecurity.gov) ON THE INTERNET,
OR CONTACT YOUR LOCAL SOCIAL SECURITY OFFICE.