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ARTICLE · 24 JUNE 2024

Social Security Administration Changes ISM Rules For SSI Recipients

Porzio, Bromberg & Newman
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Supplemental Security Income (SSI) is a program administered by the Social Security Administration (SSA) that provides a monthly cash benefit to individuals...

United StatesWealth Management
Crystal West Edwards
Crystal West Edwards
Christina B. Donat
Christina B. Donat
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Supplemental Security Income (SSI) is a program administered by the Social Security Administration (SSA) that provides a monthly cash benefit to individuals with limited income and assets. SSI recipients residing in New Jersey also receive Medicaid benefits through the New Jersey Division of Medical Assistance and Health Services. 

The maximum amount of federal SSI benefits available to an applicant in 2024 is $943 per month; however, all applicants will not qualify for the maximum benefit. The amount of benefits available to an applicant depends upon many factors, such as earned income, unearned income, assets, and in-kind support and maintenance (ISM) provided to the applicant. 

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