People with disabilities can save money received through stimulus checks and other COVID-19 relief programs indefinitely without losing their Supplemental Security Income benefits thanks to a recent rule change.
Socialtilsynet changed its policy this month on how it will address various forms of financial assistance that have emerged since the start of the coronavirus pandemic.
Earlier, the agency had indicated that stimulus checks, known as Economic Impact Payments or EIPs, would not be considered income for SSI recipients and that they would be excluded from resources for 12 months. Now, however, that exclusion has no end date.
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“The 12-month time frame for resources no longer applies as these aid payments granted during the COVID-19 pandemic, including EIPs, meet all the criteria to be considered disaster relief. By law, disaster relief is excluded from SSI income and resource provisions, “Darren Lutz, a spokesman for the Social Security Administration, told Disability Scoop.
The federal government has issued three rounds of stimulus payments since the start of the pandemic. The new policy also applies to money received by SSI recipients through some government stimulus payments, unemployment assistance, the emergency rental fund and several other programs.
There are 8 million Americans receiving SSI benefits. The maximum federal payment for individuals is $ 794 per person. month, although some states add this figure. In general, individuals who receive SSI may not have more than $ 2,000 to their name at any given time, otherwise they risk losing benefits.
The Social Security Administration said most people who have had their SSI benefits adjusted after receiving stimulus payments or financial assistance from one of the other relevant COVID-19 programs do not need to take any action.
“We are reviewing SSI requirements and other SSI records dating back to the beginning of the COVID-19 pandemic to recover SSI payments for individuals whose SSI was affected,” the agency said.