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Do Bank Accounts Affect SSI Eligibility? Understanding how bank accounts influence eligibility for Supplemental Security Income (SSI) is essential for individuals navigating their financial landscape. In this video, we will clarify how the Social Security Administration (SSA) assesses your financial resources and what counts against the resource limits for SSI. We will outline the specific types of accounts that are considered countable resources, including checking accounts, savings accounts, and more.

Additionally, we will discuss the implications of joint accounts and how ownership is determined by the SSA. It's important to be aware of the potential consequences of exceeding the resource limits, including the possibility of losing benefits. We will also touch on resources that do not count towards the limit, such as your primary residence and certain burial funds, to help you better understand what you can keep without affecting your eligibility.

Stay informed and proactive about your financial situation to ensure you maintain your benefits. This video aims to provide clarity and guidance on managing your bank accounts in relation to SSI eligibility. Don’t forget to subscribe to our channel for more informative content on government services and benefits.

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