SSI Proposed Rule Change: In Kind Food Income

SSI, or Supplemental Security Income, is a safety net program which grants certain individuals who have qualifying disabilities, are over 65, or are blind a basic income. To qualify for benefits, individuals must satisfy the limited income requirements, including a limitation to held assets and an offset to federal benefits in the amount of countable income. In today’s video we look at a proposed rule change published by the SSA which removes in kind food from the definition of countable income. It may only be estate planning adjacent, but it could make a huge difference in the lives of many individuals.