Call: 214-234-8060
Social Security Disability Evaluation
Social Security Disability Blog
Improperly Reported Assets
Posted in: Supplemental Security Income on August 29th, 2011

ssiIf you are on Supplemental Security Income, you might be aware of the parameters of the program and what is required of individuals to continue receiving payments on these programs.  However, if you are not, here are the stats: the main difference between Supplemental Security Income and Social Security Disability Insurance is that Supplemental Security Income is meant as a safety net for those who have long-standing disabilities that have permanently affected their ability to work.

What’s Assets Got To Do With It?

SSDI is meant for those who have worked and put money into the Social Security administration for at least 10 years worth of time.  Supplemental Security Income is mostly for those who have never been able to work.  It is definitely not a small program: payments under SSI in the current fiscal year are expected to go to more than 6.8 million people and cost more than $53 billion. In 2000, payments totaling $24 billion went to 5.1 million people.

In order to revitalize the program and prevent it from going bankrupt, many politicians are working toward making recipients of Supplemental Security Income properly report their assets.  It has been estimated that $4 billion in overpayments went to SSI recipients who did not properly report assets.

If you or somebody that you love is a recipient of Supplemental Security Income, be sure that you report your assets to their fullest extent.  Failure to do so can result in problems or even the loss of your benefits as regulations crack down – so be prepared to provide the government with a full accounting of your monetary worth!

Social Security Disability News

Find recent news, information and resources about social security benefits. Discover what you need to know about how to win your benefits case.

For Dallas Bankruptcy news, trends, resources and more check out our sister site at http://leebankruptcy.com

Main Site Navigation
Categories
Application Process
47
Benefits
55
Children
5
Conditions/Illness
23
Disability Lawyer
19
Medicare/Medicaid
11
News
50
Social Security Disability
55
Supplemental Security Income
15
Uncategorized
3
Work Incentives Program
5
Blog Archives
August 2015 (1)
July 2015 (3)
June 2015 (4)
May 2015 (3)
April 2015 (3)
March 2015 (1)
February 2015 (2)
January 2015 (3)
December 2014 (2)
November 2014 (2)
October 2014 (1)
January 2014 (2)
December 2013 (2)
November 2013 (2)
October 2013 (2)
September 2013 (2)
August 2013 (2)
July 2013 (2)
June 2013 (1)
May 2013 (3)
April 2013 (3)
March 2013 (2)
February 2013 (1)
January 2013 (2)
December 2012 (3)
November 2012 (3)
October 2012 (4)
September 2012 (3)
August 2012 (4)
July 2012 (3)
June 2012 (4)
May 2012 (5)
April 2012 (4)
March 2012 (4)
February 2012 (5)
January 2012 (4)
December 2011 (4)
November 2011 (5)
October 2011 (14)
September 2011 (66)
August 2011 (69)
July 2011 (31)
Network Connect
ABA Therapy for Autism