Q & A
My parents recently moved into a retirement community and they are signing their house over to me. Can I still get Supplemental Security Income (SSI) or will homeownership make me ineligible?
Answer: You can own a home and still receive SSI as long as you live in the home you own. In most cases, when determining SSI eligibility we don’t count as a resource the home you own and live in or the car you use. For more information about SSI and Social Security, go online to www.socialsecurity.gov, or call (800) 772-1213 (TTY (800) 325-0778).
Source: NewsOK.com - January 26, 2014
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.