The National Council on Disability, a government agency that advises the President and Congress on disability issues, recently sent a letter to President Obama advising him to raise the $2,000 asset limit on Social Security Income (SSI) recipients, a limit that hasn’t been changed since 1989.
As things currently stand, individuals receiving SSI benefits can have no more than $2,000 at any given time. The council is asking the president to:
- increase the asset limit to $10,000, with allowances for the figure to continue to rise with inflation,
- adjust the way that SSI benefits are effected when an individual earns money from a job, and
- make it easier for people with disabilities to keep their Medicaid coverage (known as Medical in California) even as their income rises or if they move across state lines.