Identification Number:
SI 00604 TN 37
Intended Audience:See Transmittal Sheet
Originating Office:ORDP OISP
Title:Completion of Form SSA-8000-BK, Application for Supplemental Security Income
Type:POMS Transmittals
Program:All Programs
Link To Reference:
 

PROGRAM OPERATIONS MANUAL SYSTEM
Part SI – Supplemental Security Income
Chapter 006 – The SSI Application Process
Subchapter 04 – Completion of Form SSA-8000-BK, Application for Supplemental Security Income
Transmittal No. 37, 05/19/2020

Audience

OCO-OEIO: CR, FCR, FDE, RECONE;
OCO-ODO: CR, CST, CTE, CTE TE;
FO/TSC: CS, CS TXVI, CSR, CTE, DRT, FR, OA, TA, TSC-CSR;

Originating Component

OISP

Effective Date

Upon Receipt

Background

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."

Section A

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."

Section B

  • 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."

Section C

No changes.

SI 00604.074 Liquid Resources: Questions 42 and 43

A. Introduction

Question 42 collects information about cash and funds in financial institution accounts. Question 43 collects information about other liquid resources.

B. When and how to complete questions 42 and 43

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.

1. Types of liquid resources

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:

  1. a. 

    Individual Retirement Accounts (IRA's);

  2. b. 

    Keogh accounts;

  3. c. 

    Savings certificates;

  4. d. 

    Government securities (including Treasury bills, bonds and notes);

  5. e. 

    Money market accounts;

  6. f. 

    Vacation clubs; and

  7. g. 

    Notes (including contracts to purchase real estate).

2. Cash on hand

  1. a. 

    Accept the claimant's allegation of the amount of cash on hand.

  2. b. 

    Do not include in resources any cash received during the month. Enter any such amount in Part IV (Income) of the form.

3. Financial accounts

  1. a. 

    Explain that the claimant must report all accounts that show his or her name or spouse's name in any capacity.

  2. b. 

    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.

  3. c. 

    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.

4. Assets for emergency use

Explain that the claimant must report items set aside for an emergency or set aside to provide for one's heirs.

5. Debts owed to claimant

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.

C. References


SI 00604 TN 37 - Completion of Form SSA-8000-BK, Application for Supplemental Security Income - 5/19/2020