September 10th, 2014|
Millions of Americans depend on Supplemental Security Income (SSI) to make ends meet. But SSI laws and regulations that govern this program have not changed in decades, and there is strong argument the regulations force the program’s participants to live in poverty.
In qualify for SSI, applicants must not make more than $700 per month, which is well below the poverty line. Benefits recipients are also prohibited from accruing more than $2,000 in savings, preventing them from saving money for the future.
Luckily, there are those who are fighting to change these laws through the Achieving a Better Life Experience (ABLE) Act. An article from Al Jazeera America explains this piece of legislation would allow SSI recipients to create tax-free savings accounts to help cover expenses such as purchasing a home, receiving a higher education, buying a car, or paying for medical expenses. The accounts would have a $100,000 limit, which would prevent most recipients from losing benefits.
The SSI Lawyers with Fleschner, Stark, Tanoos & Newlin are aware of how difficult it can be to make ends meet on Social Security benefits. That’s why we are here to help you ensure you get the benefits you deserve. Call us at (800) 477-7315 to learn what we can do for you if you’re applying for benefits or have a claim that’s been denied in the past.