can you have a savings account on social security disability?

Hi Wanda, By putting away money now you can protect yourself from unforeseen financial emergencies in the future. If you are a little financially creative you can you can justify most things you do with the money, but won't have to because no one is ever likely to ask you. If You Have Arthritis, Can You Qualify for SSDI Benefits? SSI is not social security. Legal Aid says I don't have a case but SSA has strict rules that say I cant use the money on myself. You may be able to do so by paying them out of your SSDI benefits award. Even a million bucks. It's true, you can have your student loan debt discharged if you become disabled. It is an advertising service paid for by the lawyers and advocates whose names are provided in response to user requests and it is not an attorney referral service. Hi Savanna, https://www.ssa.gov/ssi/spotlights/spot-trusts.htm, http://www.disability-benefits-help.org/content/social-security-disabil…, Social Security Disability Insurance (SSDI), How to Apply for Social Security Disability. Or call Social Security at 1-800-772-1213 (TTY 1-800-325-0778). It is, however, your responsibility to make sure that your living expenses are paid for before you spend any of your Social Security Disability benefits on entertainment or luxury purchases. Each dollar will need to be accounted for and the Social Security Administration will ensure that your funds are being spent properly. Any remaining funds from your Social Security Disability payments must be put into a savings account for your future use. In reply to I am the rep payee for my by If you have money left over at the end of the month after your living expenses have been paid, consider putting a portion of your Social Security Disability payments into an interest-bearing savings account. You can sign in to vote the answer. If you are married you are allowed up to $3000. currently receive Social Security benefits? In reply to We were told we cant spend by In reply to If there are any additional by If there is any money left over after these bills have been paid, the Representative Payee may provide you with money for entertainment purposes. If you are married you are allowed up to $3000. Hello, Copyright Disability-Benefits-Help.org 2020. Thanks, In reply to I am wondering if income from by Spending Your Social Security Disability Benefits. Can I Apply For Social Security Disability Benefits Online? SSI is for people that have little to no income or resources. Hi Kimberly, My question is I am a representative payer for my son and I was trying to see if I was able to pay light bill or water bill with his disability or not it said housing good clothing ect. April (not verified), If u paying a family car note out your ssi is that a problem and not taken care of yourself would that person get cut off, In reply to If u paying a family car note by How Severe Does my Arthritis Need to be to Qualify? I'm on SS disability and they have never once asked if I have a savings account. If you recently received notification that the SSA denied or prematurely shut off your Social Security disability benefits, you have the right to appeal your case. You can open an account and save as much as you like, but you would need to save an awful lot of money before your disability allowance was affected in any way. SSI stands for supplemental security income and it is the federal welfare program for the blind, disabled or aged (over age 64) who have limited income and resources. You also can sign up at your bank, credit union, or savings and loan. He received a SSD lump payment and also receives monthly payments. In reply to My mother just passed away. If you are single you are allowed up to $2000 in resources (which means that you can have a savings account but if you have $2000 or more you are ineligible for any further benefits until you've spent it down to under $2000). Only make 700 can't afford my rent food and bills haven't been able to buy clothes for ten year's have long term disability can only buy toilet paper for two weeks out a the month mentally and physically disabled can't make it to my appointments no money for transportation gonna get evicted and gut no heat can't afford shampoo or soap a lot public don't wanna deal with me can't hardly go out any way physical and mental disabilities have a cat might have to give it up but it's therapeutic need the stuff my friend gets she gets a house keeper a nurse rides to groceries and 1100 a month?? Hi Donna, Since social security isn't a benefit based upon financial need like SSI is you can have as much money as you want - you can be a millionaire and still be entitled to benefits. I have low vision. You may want to contact your local SSA office for more information, you can find a listing of them here: It has become difficult to keep his funds under $2000 because there is nothing more he needs that he does not already get. I'm sorry to hear about that! When living on Social Security Disability, making ends meet can be a challenge, to say the least. Be frugal and do not make lavish purchases that you cannot afford. There is no amount in that account that would matter to them. You might be able to, but if you are unsure about a payment I would contact the SSA to double check. In reply to I am my son's by Babygirl (not verified). To qualify for Social Security disability, you must expect to be disabled for at least 12 months. In reply to Hello, by Get your answers by asking now. Hi AnneMarie, I just would like a safe,clean and decent place for me and my son...Freinds Hv been great letting us live w them ... Then iî feel like a burden,depressed longing for my health before this . In certain cases, ones can be approved for an increased monthly income. In reply to Student loan debt would be by If you have a spouse who earns a substantial income or you live with a family member and you do not have to pay for your living expenses, then your Social Security Disability benefits can be spent any way you see fit. This is an Attorney Advertisement – Not an Attorney Referral Service Can I make the decision to help with this situation and pay for the dental care from my brother's SSDI bank account. Join Yahoo Answers and get 100 points today. Yes you can have one. By submitting a free evaluation, I acknowledge that I understand and agree to the disclaimer and privacy policy. He is receiving SSI for his disabilty. Waiver Form. I have a child that is 17yrs old. Hi Jorge, Should I call SSA to double check? What about saving for my funeral expenses, since that I do not have life insurance. You may be eligible for survivor's benefits, however the SSA may not provide funds for funerals. Find out the attorney or advocate in your area who is responsible for the advertisement, click here. Still have questions? https://www.ssa.gov/ssi/spotlights/spot-trusts.htm. Unfortunately he is unable to make this decision due to his severe mental retardation so it is up to me to find out if this is legal or not. These Social Security back payments are paid in a lump sum and can sometimes amount to $20,000 or more. My brother lives in a group home with other severely disabled individuals and I am aware that one of these individuals is in need of some dental care and does not have the funds and likely will never have the funds to get this dental work completed. And we were also told we could not withdraw any money from the account or cash before depositing everything has to be with the debit card is all of this true? Spending Your Social Security Disability Benefits. I am rep payee for my now severely brain damaged son. If your Social Security Disability payments are the only household income you have to live on, the bulk of your payments should be put towards your housing, utilities, food and other living expenses. You can save whatever you want, assuming you're talking SSDI, and not SSI. The Social Security Administration allows you to set up an account where you can view a personalized estimate of disability benefits. Now DSS is using this account against me which puts me over the 2K allowable resources to be eligible for medicaid. How do you think about the answers? Legal aid won't help. Mia Penz (not verified). You may want to contact your local SSA office about buying a car for transporting your daughter, and if your daughter is eligible for Medicaid, you may be able to arrange transportation to the doctor's office with your state's Medicaid office. If, for some reason, the Social Security Administration has decided that you are unable to handle your own Social Security Disability benefits, they will assign you a Social Security Disability Representative Payee to handle your benefits for you. Do I write a receipt out each month for proof for social security?? We have been told that we cannot use his SSI funds to replace these items. SSI and Social Security Disability. Is it bad to accept a used donated wheelchair as a gift? In reply to Check with having those debts by

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