What is Social Security Income (SSI)? How is SSI in New York? How Can A Personal Injury Settlement Affect My Eligibility?

Supplemental Security Income, also known as SSI, is a federal benefit program that seeks to provide assistance for individuals who are financially in need. This includes blind or disabled adults and children, individuals who have limited income, and non-disabled seniors who meet the financial limits to qualify for SSI. The program is intended to provide cash for individuals in need to meet their basic needs for food, clothing, and shelter.
In order to qualify for SSI, you must have little or no income and very few resources. This means the value of the things that you own must be less than $2,000 if you are single and less than $3,000 if you are married. If found eligible, Social Security Income provides individuals monthly cash payments. Furthermore, if you receive SSI, you can automatically get Medicaid (medical assistance). In order to receive SSI, you also must apply for any other cash benefits you may be able to get.
Under these rules of the Social Security Administration, a person is only eligible for the monthly payments if he or she has little to no income or assets. But, any earned income, gifts, gambling proceeds, and even money from a personal injury award or settlement will be considered cash assets. If this were to exceed the
specified eligibility requirements ($2,000 if single, $3,000 if married), the individual would no longer be eligible for the benefits. Depending on the value an individual receives for their Personal Injury Settlement, the acquired money awarded could possibly result in the suspension of his or her SSI benefits.
If you find that you are in this situation and are seeking to keep your settlement earnings and still receive
SSI benefits, seek an experienced attorney. The rules of the Social Security Administration may be very complicated and it is important that you are able to continue receiving benefits if you are financially in need.
If you are seeking assistance with your Social Security Income eligibility and/or Personal Injury Settlement, contact Attorney Inna Fershteyn today.
Law Office of Inna Fershteyn and Associates, P.C.
(718) 333-2394
1517 Voorhies Avenue, Suite 4
Brooklyn, NY 11235