Can SSI money be spent on entertainment?
Technically, there are no restrictions as to what you can do with your Social Security Disability payments.
It is, however, your responsibility to make sure that your living expenses are paid for before you spend any of your Social Security Disability benefits on entertainment or luxury purchases..
Can I save my SSI money?
If you stay under the resource limit, you can save money in any way you want. As long as you are under the resource limit, your savings will not affect your SSI. If you go over the resource limit, your SSI check will stop.
How much money can I have in the bank on SSI?
Currently, to receive SSI (after being determined to be medically disabled according to the SSA’s rules), an individual cannot have more than $2,000 in countable assets.
What can I spend my SSI money on?
The money can be spent only on the following: medical treatment and related expenses, such as rehabilitation or therapy expenses or skilled nursing assistance. educational expenses, including job or skills training. special equipment, including computers and specialized vans.
What is SSI to be used for?
SSI stands for Supplemental Security Income. Social Security administers this program. We pay monthly benefits to people with limited income and resources who are disabled, blind, or age 65 or older. Blind or disabled children may also get SSI.
Can I buy a car with SSI money?
Yes. If you receive Social Security Disability Insurance (SSDI), there is no limit to how many cars you can own. If you receive Medicaid or Supplemental Security Income (SSI), you are allowed to own one car.