{"id":135142,"date":"2021-08-11T02:13:07","date_gmt":"2021-08-11T02:13:07","guid":{"rendered":"https:\/\/precoinnews.com\/?p=135142"},"modified":"2021-08-11T02:13:07","modified_gmt":"2021-08-11T02:13:07","slug":"social-security-wont-penalize-disabled-people-for-saving-stimulus-checks","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/social-security-wont-penalize-disabled-people-for-saving-stimulus-checks\/","title":{"rendered":"Social Security Won\u2019t Penalize Disabled People For Saving Stimulus Checks"},"content":{"rendered":"

People who still have stimulus checks and money from other pandemic programs in their bank accounts won\u2019t face a loss of Supplemental Security Income benefits, thanks to a policy reversal from the Social Security Administration.<\/span><\/p>\n

The agency <\/span>announced last week<\/span>, with little fanfare, that stimulus checks, unemployment benefits, emergency rental assistance and other benefits won\u2019t count against eligibility at all \u2015 and that the agency would restore any benefits it had withheld.<\/span><\/p>\n

\u201cWe are reviewing SSI claims and other SSI records going back to the beginning of the COVID-19 pandemic to restore SSI payments for people whose SSI was affected by receiving any of the assistance [on a list of programs],\u201d the agency said.<\/span><\/p>\n

Eight million Americans receive monthly Supplemental Security Income benefits, which Congress created in 1974 for elderly, blind and disabled people. But lawmakers haven\u2019t updated the program in decades. Monthly benefits average $584, and can be reduced if a recipient has more than $2,000 in their bank account.<\/span><\/p>\n

And more SSI recipients may have exceeded the asset limit after Congress sent out three rounds of checks worth $1,200, $600 and $1,400 in response to the coronavirus pandemic. Since the checks were technically tax credits, by law they were not supposed to count against eligibility for federal benefit programs \u2015 but only for 12 months, meaning any SSI recipients who\u2019d saved the money could have faced penalties this year.<\/span><\/p>\n

Notably, the policy change occurred after President Joe Biden fired the head of the Social Security Administration, a Donald Trump appointee who had refused to resign until his term ended in 2025.\u00a0\u00a0<\/span><\/p>\n

Groups such as the National Organization of Social Security Claimants\u2019 Representatives pushed for the change.<\/span><\/p>\n

\u201cI think SSA\u2019s policy change is going to be very helpful to many senior citizens and people with disabilities,\u201d Stacy Cloyd, director of policy and administrative advocacy with NOSSCR, said.<\/p>\n

Joseph Morris, a 67-year-old SSI recipient in Philadelphia, told HuffPost his benefits had gone back to normal this month after the Social Security Administration reduced his payment by 10% because he\u2019d exceeded the $2,000 asset limit. Morris received a letter explaining the change, but he said he would keep a close eye on his account.<\/p>\n

\u201cThe first day of the month, I will check to make sure the full amount is deposited,\u201d he said. <\/span><\/p>\n

RELATED…<\/h3>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

People who still have stimulus checks and<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23055],"tags":[],"yoast_head":"\nSocial Security Won\u2019t Penalize Disabled People For Saving Stimulus Checks - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/politics\/social-security-wont-penalize-disabled-people-for-saving-stimulus-checks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Social Security Won\u2019t Penalize Disabled People For Saving Stimulus Checks - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"People who still have stimulus checks and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/politics\/social-security-wont-penalize-disabled-people-for-saving-stimulus-checks\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T02:13:07+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/politics\/social-security-wont-penalize-disabled-people-for-saving-stimulus-checks\/\",\"url\":\"https:\/\/precoinnews.com\/politics\/social-security-wont-penalize-disabled-people-for-saving-stimulus-checks\/\",\"name\":\"Social Security Won\u2019t Penalize Disabled People For Saving Stimulus Checks - 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