Identification Number:
SI 01110 TN 40
Intended Audience:See Transmittal Sheet
Originating Office:ORDP OISP
Title:Resources, General
Type:POMS Transmittals
Program:Title II (RSI),Title XVI (SSI)
Link To Reference:
 

PROGRAM OPERATIONS MANUAL SYSTEM
Part SI – Supplemental Security Income
Chapter 011 – Resources
Subchapter 10 – Resources, General
Transmittal No. 40, 11/13/2019

Audience

FO/TSC: CS, CS TXVI, CSR, CTE, DRT, FR, OA, OS, RR, 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 01110.210 Excluded Resources

For this update, we:

  • added a row to the resource exclusion chart to include "Funds up to and including $100,000 in an Achieving A Better Life Experience (ABLE) account" as an excluded resource;

  • inserted the ABLE POMS cross reference in the second column; and

  • indicated with an "X" in the fourth column that this exclusion has a limit on value and /or length of time.

SI 01110.210 Excluded Resources

CITATIONS:

Social Security Act, as amended, §1613(a); 20 CFR 416.1203-416.1204, 416.1210-416.1239, 416.1245, and 416.1247

A. Introduction

Once you have determined that an asset meets the definition of a resource, it is necessary to determine that resource's effect on eligibility. Certain resources do not count against the statutory limit; i.e., they are excluded.

B. Description — list of resource exclusions

Exclusion

Reference

No Limit on
Value and /or Length of Time

Limit on Value and /or Length of Time

Home serving as the principal place of residence, including the land on which the home stands and other buildings on that land

SI 01130.100

X

 

Funds from the sale of a home if reinvested timely in a replacement home

SI 01130.110

 

X

Jointly-owned real property which cannot be sold without undue hardship (due to loss of housing) to the other owner(s)

SI 01130.130

X

 

Real property for so long as the owner's reasonable efforts to sell it are unsuccessful

SI 01130.140

X

 

Restricted, allotted Indian land if the Indian/owner cannot dispose of the land without permission of other individuals, his/her tribe, or an agency of the Federal Government

SI 01130.150

X

 

One vehicle used for transportation

SI 01130.200

X

 

Life insurance, depending on its face value

SI 01130.300

 

X

Burial space or plot held for an eligible individual, his/her spouse, or member of his/her immediate family

SI 01130.400

X

 

Burial funds for an individual and/or his/her spouse

SI 01130.410

 

X

Certain prepaid burial contracts

SI 01130.420

 

X

Household goods and personal effects

SI 01130.430

X

 

Property essential to self-support

SI 01130.500 -
SI 01130.504

 

X

Resources of a blind or disabled person which are necessary to fulfill an approved plan for achieving self-support

SI 00870.000
SI 01130.510

 

X

Stock held by native Alaskans in Alaska regional or village corporations effective January 1, 1992 when the stock becomes a resource

SI 01120.105

X

 

Retained retroactive SSI or RSDI benefits

SI 01130.600

 

X

Dedicated Accounts

SI 01130.601

X

 

Restitution payments for misused Title II, Title VIII and Title XVI benefits

SI 01130.602

 

X

Radiation Exposure Compensation Trust Fund payments

SI 01130.680

X

 

German reparations payments made to World War II Holocaust survivors

SI 00830.710
SI 01130.610

X    

 

Funds up to and including $100,000 in an Achieving A Better Life Experience (ABLE) account

SI 01130.740

 

X

Austrian social insurance payments

SI 00830.715
SI 01130.615

X    

 

Japanese-American and Aleutian restitution payments

SI 00830.720

X    

 

Federal disaster assistance received on account of a Presidentially declared major disaster, including interest accumulated thereon

SI 00830.620
SI 01130.620

X    

 

Cash (including accrued interest) and in-kind replacement received from any source at any time to replace or repair lost, damaged, or stolen excluded resources

SI 00815.200
SI 01130.630

 

X

Certain items excluded from both income and resources by other Federal statutes

SI 00830.055
SI 01130.060

Varies

 

Agent Orange settlement payments to qualifying veterans and survivors

SI 00830.730
SI 01130.660

X   

 

Victims' compensation payments

SI 00830.660
SI 01130.665

 

X

State or local relocation assistance payments

SI 00830.655
SI 01130.670

 

X

Tax refunds related to Earned Income Tax Credits

SI 00830.060
SI 01130.676

 

X

Grants, Scholarships, Fellowships, and Gifts

SI 01130.455

 

X

Ricky Ray Hemophilia Relief Fund

SI 01130.695

X

 

Veterans’ Children with Certain Birth Defects, Payments to

SI 01130.681

X

 

State Annuities for Certain Veterans

SI 01130.662

X

C. References

SI 01130.700, Identifying Excluded Funds that have been Commingled with Nonexcluded Funds

SI 01330.120 through SI 01330.220, Exclusion of Retirement Funds from Spousal/Parental Deeming


SI 01110 TN 40 - Resources, General - 11/13/2019