What are the income and asset limits I must stay under to maintain eligibility for SSI and California's SSP?

To maintain SSI/SSP eligibility, you generally must have countable assets under $2,000 for an individual or $3,000 for a couple. Your countable income must be less than the maximum combined SSI/SSP benefit rate for your living situation. Here is how to monitor your eligibility: Step 1: Inventory Your Countable Assets Review all your assets to ensure they are below the limit. Countable assets include cash, money in bank accounts, stocks, and bonds. The Social Security Administration (SSA) does NOT count the home you live in, one vehicle, household goods, or personal effects. Step 2: Calculate Your Countable Income The SSA does not count all of your income. It disregards the first $20 of most income per month. For earned income (wages), it also disregards the first $65 and then half of the remainder. Track your monthly income using these rules to estimate your "countable" amount. Step 3: Report All Changes to the SSA Promptly You must report any change in your income, assets, marital status, or living arrangement to the SSA. Make this report by the 10th day of the month after the month the change happened. You can report online, by phone, or at your local Social Security office. Step 4: Consider Opening an ABLE Account If you became disabled before age 26, you may be eligible for an ABLE (Achieving a Better Life Experience) account. This special savings account allows you and your family to save a significant amount of money without it counting against your $2,000 asset limit. Important Considerations: The exact monthly SSI/SSP payment amount, which serves as the income limit, varies based on your living situation (e.g., living alone vs. with others). Receiving free food or shelter can be counted as "in-kind" income and may reduce your benefit amount. Note: Failure to report changes in a timely manner can result in overpayments that you will be required to pay back. Benefit amounts and rules can change annually, so always verify current figures with the SSA. This is general information and does not constitute legal advice. For complex situations, such as dealing with trusts or property transfers, consult with a qualified California attorney specializing in disability benefits.