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S/O SSI

msalinardi@live.commsalinardi@live.com
in Preemies

Fyi- Here is the formula that SSI uses to determine how much you recieve and if you qualify:

 

First you cannot have more than $3000 for a married couple in assets (Bank accounts, retirement funds, etc.). If this is the case proceed to the next step.

Take your monthly income and subtract $337 for each child that you have that does NOT qualify for SSI, then subtract $20, then subtract $65, then divide that number by 2 and subtract your living allowance (for rent and such) and that will give you the parental income that Social Security counts. Subtract another $20 from that number. Then subtract that final number from $674.00. That number is the amount SSI will send you each month.

Example: Couple with $2500 income a month with a $1000 rent with 1 additional child who does not qualify for SSI.

$2500- $337= $2163

$2163 - $20= $2143 

$2143 - $65= $2078

$2078/2= $1039 

$1039 - $1000= $39

$39 - $20 = $19

$674 - $19 = $655 = How much SSI would send a month in SSI disability benefits.

- 20

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Re: S/O SSI

  • ssg73ssg73
    Oh now I know why we got such a large check...since the federal gov doesn't consider me as married we had to fill out the forms as if I were single.  I guess that is one "good" thing about doma!
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  • damabo80damabo80 member

    Thank you! What an odd formula!

    Do you know if they take pre tax income or post tax income?

    Also, do you know what is included in living expenses? Is it rent only, or does mortgage payments count too? What about home insurance/HOAs etc? Does anything else qualify as living expenses?


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  • elisbuelisbu member
    When I applied they also told us that we did not qualify because we had over $5,000 in savings.
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  • msalinardi@live.commsalinardi@live.com
    It is pre-tax and the living expense is rent/mortgage, or at least that is how it was explained to me.
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  • JoJoGeeJoJoGee member

    I'm not sure about other states, but in Ohio my husband and I do not qualify for SSI based on the financial requirements.  However Lilith (our daughter) was able to get SSI because she was going to be in the hospital for more than 30 days, so they looked at her finances alone.  Just some added food for thought.

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  • Happy2bNappyHappy2bNappy member

    With the government everything in regards to salary is always pre-tax.

     

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