Home Owners and Supplemental Security Income (SSI)

Senior Citizen: Is it true that a person can own a home and still be eligible for Supplemental Security Income, SSI benefits?

Social Security Representative: The SSI program used to be, you know, referred to as old age assistance and programs like that and what we have is that Supplemental Security Income, for individuals who are aged 65 and older, that hasn’t changed, that hasn’t increased with the full retirement age for retirement. That stayed with Medicare age, age 65.

So SSI is for individuals who are 65 and older who need help because of having limited income and resources or younger individuals who are either blind or disabled with limited income and resources. As long as you own a home and you live in it, then we are going to be fine with you having that property. We’re not going to count it for what it’s actually worth, you know, if you were to try to sell it, because if you’re living in it, you can’t really sell it. You need a place to live in.

So for SSI, we do help individuals, even if they have a fairly nice asset like a home because it’s not saleable while you’re living in it.

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