ALERT

[NEED LEGAL HELP?] Call our 24/7 Helpline: 1-866-723-4855

SSD Resources

Definition - What does SSD Resources mean?

Social Security disability (SSD) resources are resources (both money and assets) belonging to a claimant who is applying for Social Security disability benefits. The total value of the resources owned by a claimant is taken into consideration. It is one of the factors used by the Social Security Administration (SSA) to determine a claimant's eligibility for the Supplemental Security Income (SSI) program.

Justipedia explains SSD Resources

Supplemental Security Income (SSI) is a needs-based program. When determining if a claimant is eligible for SSI benefits, the resources that the SSA takes into consideration include cash as well as anything owned by a claimant that could be exchanged for cash and used for buying food or shelter. Some common examples of resources are land, stocks, bonds, bank accounts, personal property, life insurance, and vehicles. If the total value of the resources owned by a claimant exceeds the resource limit set by the SSA, the claimant is denied SSI benefits.

This definition was written in the context of Social Security

Connect with us

Justipedia on Linkedin
Justipedia on Linkedin
Tweat cdn.justipedia.com
"Justipedia" on Twitter


'@justipedia_com'
Sign up for Justipedia's Free Newsletter!

Find a Lawyer