The suspension is lifted when your resources fall below the SSI non-ABLE resource limit.įor example, if your ABLE account has $101,000 and you have no other countable resources, your SSI will not be suspended because the excess over $100,000 is only $1,000 and does not exceed the $2,000 limit. The suspension will not affect Medical Assistance (Medicaid) eligibility. If the excess over $100,000 in your ABLE account puts you above the SSI non-ABLE resource limit (currently $2,000), your SSI benefits will be suspended but not be terminated. Any amount over $100,000 is counted as a resource. In the first situation, your SSI benefits will not be impacted as long as the amount in your ABLE account does not exceed $100,000. when you withdraw funds for housing or Non-Qualified Expenses and do not use the money in the same month of withdrawal.when the value of an ABLE account exceeds $100,000.Your SSI benefits are not affected except in two situations: Please be aware that for accounts with an Authorized Individual, another person with a higher priority, and who provides required documentation, may become the named Authorized Individual on an account. The required documentation for Authorized Individuals depends on the relationship of the Authorized Individual and Account Owner. This individual must certify under penalty of perjury that, to the best of their knowledge, there is nobody with a higher priority who is willing and able to exercise authority as Authorized Individual. Letter from Social Security Administration grantingįor accounts opened for a minor or an adult without the legal capacity to enter into contracts, the Authorized Individual should confirm that there are no other individuals who are willing and able to manage the account who have higher priority in the list above.Īdditionally, another person with a higher priority, and who provides required documentation, may become the named Authorized Individual on an account.įor accounts opened for a minor or adult who lacks capacity to enter into contracts, Authorized Individuals are required to provide documentation proving their relationship to the Account Owner. That shows the relationship between the account ownerīirth certificates of Account Owner and the parent of theĪccount Owner who is the child of the grandparent who Guardianship of the estate or conservatorshipīirth certificates of Account Owner and sibling.įor stepsiblings and half-siblings, any documentation If the Eligible Individual is a minor or an adult without the legal capacity to enter into contracts, accounts must be opened by an Authorized Individual from the list below in this order of priority:Ĭourt order or other documentation granting An Eligible Individual who is an adult with legal capacity to enter into contracts can open the account for themselves but may also choose to have any other person open and manage the account (“Authorized Individual”).
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