Senator Elizabeth Warren Files a Bill to Raise the SSI Resource Limit

March 27, 2014

Filed under: Social Security,Special Needs — Alexis @ 11:48 AM

Another reason to love Senator Warren.  As you likely know, an SSI recipient can have only $2,000 in her bank account.  It’s an absurdly small amount to keep on hand.  It can barely cover any emergencies (like car repairs) and causes a lot of anxiety among SSI recipients and their families as they perform the endless balancing act of having enough money on hand to pay bills but not enough so as to send them over the $2,000 limit.

Senator Warren’s bill would also increase the amount of income that members could earn and additionally would eliminate the restrictions on families trying to assist the member with food and housing costs.

The asset and income rules are punishingly low for disabled individuals.  Senator Warren is trying to change that.

For more details, see this story.