SSI ASSET

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----- Forwarded Message -----

From: Sherri Schneider <benefithelpss@...>

" IPADDUnite " <IPADDUnite >

Sent: Thursday, November 17, 2011 10:38 AM

Subject: Re: Re: Speak Up Speak Out conference

SOMETHING TO REMEMBER:

 

Income is income the month it is received. Anything left over in the next month

is an asset.

 

Example:

I get paid on Friday & receive my check for $500. This is counted as income.

I deposit this check into my bank account. This is NOT counted as an asset for

this month.

 

Therefore:

SSI should look at your balance, SUBTRACT income deposited that month - to get

your true asset for that month.

 

I am seeing SSI asking for money back and/or cutting people off SSI for too many

assets - when, in fact, they are counting income as income AND AS an asset for

the same month.

 

FYI

 

 

________________________________

From: cmfinato <cmfinato@...>

IPADDUnite

Sent: Wednesday, November 16, 2011 10:09 PM

Subject: Re: Speak Up Speak Out conference

 

Liz, in 2010, SSA found that we went over one month (they don't give you credit

for uncleared checks) and are deducting 10% from Angel's SSI check until that

one month is repaid.

When SSA reviews your bank account, if they see any month over $2000 (even if

it's a couple of bucks), they will do the same to you.

>

>

> Was a great turnout at the conference. Wish I could have met people on the

list, but my hubby & son were both hyper & was having a hard time getting my

hubby to where he was supposed to be. (I'm NOT asking him to go next year.) I

wasn't doing much talking either; having coughing problems if I talk to much.

>

> Sherri, I was the lady in the pink jacket at the session you did this morning.

Was glad I was able to get my question answered after the session was over;

cause it was freaking me out a little trying to figure out how to keep his

Medicaid under $2,000; as sometimes we've gone over. Sometimes I've had to spend

his money on things he doesn't really need, because I can't save it for things

he might need; even though he's not working, so doesn't need much.

>

> Liz

>