PROGRAM OPERATIONS MANUAL SYSTEMPart SI – Supplemental Security IncomeChapter 006 – The SSI Application ProcessSubchapter 04 – Completion of Form SSA-8000-BK, Application for Supplemental Security IncomeTransmittal No. 37, 05/19/2020
This is a Quick Action Transmittal. These revisions do not change or introduce new policy or procedure.
Summary of Changes
SI 00604.074 Liquid Resources: Questions 42 and 43
We corrected the question numbers in the title from "Questions 43 and 44" to "Question 42 and 43."
We corrected the question numbers in Section A from "Question 43" to "Question 42" and from "Question 44" to "Question 43" to read the following: "Question 42 collects information about cash and funds in financial institution accounts. Question 43 collects information about other liquid resources."
We corrected the question numbers in the subtitle of Section B from "Questions 43 and 44" to "Questions 42 and 43."
We corrected the question number in the first sentence of Section B from "43(a)" to "42(a)" for all claimants.
We corrected the question number in the third sentence of Section B from "43(b)" to "42(b) to read the following: "For each "YES" answer, complete 42(b) and ask if more than one similar asset exists."
We corrected the question number in the last sentence of Section B from question "44" to question "43" to read the following: "Follow the same instructions for question 43."
We corrected the question numbers in the first sentence of Section B.1 from "43(a)" to "42(a)" and from "44(a)" to "43(a)" to read the following: "Explain to the claimant that the items in 42(a) and 43(a) are generic terms and not all-inclusive."
Question 42 collects information about cash and funds in financial institution accounts. Question 43 collects information about other liquid resources.
Complete 42(a) for all claimants. A "YES" or "NO" response is required for each item. For each "YES" answer, complete 42(b) and ask if more than one similar asset exists. In the "Identifying Number" block enter the appropriate number, or write Unknown or N/A (not applicable).
Follow the same instructions for question 43.
Explain to the claimant that the items in 42(a) and 43(a) are generic terms and not all-inclusive. Explore ownership in the items listed and any similar types of resources:
Individual Retirement Accounts (IRA's);
Government securities (including Treasury bills, bonds and notes);
Money market accounts;
Vacation clubs; and
Notes (including contracts to purchase real estate).
Accept the claimant's allegation of the amount of cash on hand.
Do not include in resources any cash received during the month. Enter any such amount in Part IV (Income) of the form.
Explain that the claimant must report all accounts that show his or her name or spouse's name in any capacity.
Explain that we will request permission from the claimant (and spouse) to contact financial institutions and that failure to give permission may result in ineligibility. For more information on failure to give permission to contact financial institutions, see SI 00515.001.
Stress that the claimant must report joint accounts if the claimant, spouse, or parent(s) is a co-owner. For treatment of joint accounts, see SI 01140.205 Joint Checking and Savings Accounts and SI 00810.130 Income Derived from Joint Bank Accounts.
Explain that the claimant must report items set aside for an emergency or set aside to provide for one's heirs.
Consider whether a claimant holds:
a loan agreement(s) as a result of a formal or informal loan to other persons (see SI 01120.220 for more information on cash loans) or
promissory notes or property agreements as explained in SI 01140.300.
SI 01140.990 Resources Guide: Optional Desk Aid
SI 01140.010 Resource Verification Requirements
SI 01110.305 Resources Assumed to Be Liquid
SI 01110.500 through SI 01110.530 Ownership Interests
SI 01130.600 Retroactive Supplemental Security Income (SSI) and Retirement, Survivors and Disability (RSDI) Payments
SI 01140.210 Time Deposits
SI 01140.022 High/Low Development Option for Liquid Resources
SI 01140.220 Stocks
SI 01140.230 Mutual Fund Shares
SI 01140.240 U.S. Savings Bonds
SI 01140.250 Municipal, Corporate and Government Bonds
SI 01120.200 Trusts: General, Including Trusts Established Prior to 1/1/00, Trusts Established with the Assets of Third Parties and Trust Not Subject to Section 1613(e) of the Social Security Act
SI 01120.205 Uniform Transfers to Minors Act