What Happens If I'm On SSI and I Inherit Money? - 0 views
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Harvey Peter Sackett on 24 Apr 25An inheritance should improve life for the person receiving it. If you receive benefits through the Supplemental Security Income (SSI) program administered by the Social Security Administration, money or assets left to you could jeopardize your benefits unless you know and follow the SSI inheritance rules. SSI is a needs-based program. You must be in need, as evidenced by limited resources and income, but federal rules about SSI and inherited money could result in a loss of eligibility. This is unlike the Social Security Disability Insurance (SSDI) and Social Security retirement programs with eligibility based on contributions made through payment of Social Security taxes on your income from working. An inheritance that would not affect eligibility for retirement or SSDI benefits could reduce or make you ineligible for benefits through SSI. This blog explains the SSI inheritance rules, so you'll know what to do if you inherit money or assets.