Increase in resource limits for SSI eligibility
This bill updates the resource limits used to determine eligibility for the Supplemental Security Income (SSI) program. According to the text, the limit for individuals increases from $2,250 to $20,000, and for couples (per the section heading and corresponding subparagraph), it increases from $1,500 to $10,000 in calendar year 2025. Named the SSI Savings Penalty Elimination Act, the bill also establishes a mechanism to annually adjust these amounts for inflation (CPI) in subsequent years.
Key points
The resource limit for individuals eligible for SSI increases from $2,250 to $20,000.
The resource limit for couples eligible for SSI increases from $1,500 to $10,000.
New limits will be adjusted annually based on the Consumer Price Index (inflation).
The change aims to update eligibility criteria for the SSI program.
Status:
Introduced
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