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Major Changes to Supplemental Security Income (SSI) Starting September 2024

Annie Abella by Annie Abella
September 4, 2024
in Finance
0
Major Changes to Supplemental Security Income (SSI) Starting September 2024

Major Changes to Supplemental Security Income (SSI) Starting September 2024

According to lagradaonline, Starting September 30, 2024, significant changes to the Supplemental Security Income (SSI) program will impact millions of beneficiaries. These updates aim to enhance eligibility criteria and adjust benefit calculations for low-income seniors, disabled individuals, and children. Here’s what you need to know about the upcoming modifications.

1. Expanded Definition of Public Assistance Home

One of the key updates involves redefining what constitutes a “public assistance home.” Previously, all household members needed to receive public assistance for SSI eligibility. Under the new rules, only one SSI beneficiary and at least one person receiving means-tested public benefits are required. Additionally, the Supplemental Nutrition Assistance Program (SNAP) will now count as public aid for households, potentially increasing eligibility for some recipients.

2. Changes in Food Assistance Calculation

Food assistance, formerly considered in-kind support and maintenance (ISM), will no longer affect SSI benefit calculations. Previously, food and housing relief reduced benefits by increasing perceived income. This change addresses administrative issues and promotes equity by removing food assistance from income calculations, thus potentially increasing benefits for those receiving food aid.

3. Nationwide Rental Subsidy Policy Expansion

The rental subsidy policy will see a federal expansion, preventing rental assistance or discounted rates from affecting SSI eligibility or payment amounts. This update aligns with existing policies in several states, ensuring that rental assistance has less impact on SSI benefits nationwide. This change could increase SSI payments for individuals benefiting from reduced rental rates.

Conclusion: What This Means for SSI Recipients

These upcoming changes to the SSI program are designed to broaden eligibility and potentially enhance monthly benefits for approximately 7 million recipients. Understanding these updates will help beneficiaries navigate the adjustments and maximize their financial support starting in September 2024.

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