SSI Restoration Act: Increased Financial Support and Easier Access.
This act aims to increase financial support for low-income and disabled individuals through the Supplemental Security Income (SSI) program. It modifies eligibility rules, raises benefit amounts, and simplifies access to aid, which can significantly improve the financial situation of many citizens. It also introduces benefit indexation mechanisms to keep pace with inflation.
Key points
Increased income and resource limits, allowing more people to qualify for the SSI program.
Raised basic SSI benefit amounts to the federal poverty line, providing greater financial support.
Elimination of the "marriage penalty," meaning married couples will no longer receive lower benefits than two single individuals.
Exclusion of retirement accounts from resource limits, protecting retirement savings.
Simplification of rules regarding gifts and other payments, making it easier to manage finances without losing benefits.
Status:
Expired
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