There may be other questions that a Supplemental Security Income claims representative will ask. In the case of SSI, the highest valued vehicle that you own, as well as the primary residence that you live in, are not counted toward overall assets. If you have auxiliary vehicles or additional properties, on the other hand, these will be counted against your overall income. Also counted against your income are stocks, 401Ks, and other financial assets.
For an individual that is applying for Supplemental Security Income, the income limit is $2,000; for couples it is $3,000. If your overall monthly income is found to be greater than these numbers, depending on your personal circumstances, you will be denied for SSI.
Is notable that there are exceptions to these circumstances. Once you are already on Supplemental Security Income, if you decided you would like to work in whatever capacity that you are able, there are work programs that are designed to assist you in doing so. If these programs interest you, be sure to contact your local Social Security Administration Offices to learn more about what these programs are and how they work.
Good luck with your application for social security benefits. If nothing else, the application process will certainly teach you the value of counting your pennies!
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