Increased Financial Support and Easier Access to SSI Benefits
This act aims to increase financial support for low-income individuals and those with limited resources through the Supplemental Security Income (SSI) program. It modifies eligibility rules, raises income and resource limits, and simplifies the application process, potentially improving the financial well-being of many citizens.
Key points
Increased income and resource limits, allowing more people to qualify for SSI benefits.
Raised the basic SSI benefit amount to the federal poverty line, meaning higher payments.
Exclusion of retirement accounts from resource limits, protecting retirement savings.
Repeal of the penalty for disposing of resources for less than fair market value, simplifying asset management.
Simplified rules for marital relationships and elimination of the "marriage penalty," potentially increasing benefits for couples.
Exclusion of in-kind support and maintenance from income, potentially increasing benefit amounts.
Easier access to benefits by eliminating dedicated accounts for past-due benefits and installment payment requirements.
Expired
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