Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • GOBankingRates

    Social Security Adds SNAP Expansion — How New Rules Benefit Thousands of Seniors

    By T. Woods,

    4 hours ago
    https://img.particlenews.com/image.php?url=0lavmG_0vufCnre00
    eric1513 / Getty Images

    With a hotly-contested presidential election just around the corner, it’s only natural to feel a bit of economic anxiety, as the country could take one of two different directions in the coming months. Those seniors who receive Social Security Income (SSI), however, have a reason to breathe a big sigh of relief.

    Find Out: 2 Changes Are Coming to Social Security in 2025

    Explore More: 5 Low-Risk Ways To Build Your Retirement Savings in 2025

    SSI, of course, is a monthly payment that can be received by those over the age of 65 with limited financial means, or those (adults or children) with a serious disability. SSI payments can help pay for medication, food, rent and other basic needs. to qualify for such benefits, one must meet certain low income eligibility requirements. Further, the Social Security Press Office recently announced a number of helpful changes to SSI that will hopefully reduce customer burden during what may become an economically fraught election season .

    Money mistakes the super wealthy never make - that you might be doing now.

    What Are the Latest Changes to SSI Regulations?

    Martin O’Malley, the Commissioner of Social Security, announced in a press release dated September 30 that “these changes will help more people access crucial SSI benefits. By simplifying our policies, we are making SSI smarter, removing barriers to accessing payments and reducing the burden on the public and agency staff.”

    Read Next: What a Middle-Class Social Security Check Could Look Like in 2025

    Going forward, the agency will add Supplemental Nutrition Assistance Plan (SNAP) benefits “to the types of public assistance listed in the policy,” and the Social Security agency will no longer require that all household members receive public assistance in order for them to be officially considered a public assistance household. These amended definitions will grant more Americans the ability to qualify for SSI, and will also increase the monthly payment amount for certain SSI recipients.

    Additionally, food will no longer be considered in In-Kind Support and Maintenance (ISM) calculations, which will remove “a critical barrier to SSI eligibility than an applicant or recipient might encounter if they get informal food assistance from friends, family and community networks.”

    Finally, the agency will be taking a rental subsidy that ensures “people paying at least a certain amount toward rent are not subject to ISM in the form of rental assistance” and expanding it from seven states to the entire nation. All told, the SNAP expansion, coupled with these additional changes, should alleviate a number of financial burdens for America’s seniors .

    This article originally appeared on GOBankingRates.com : Social Security Adds SNAP Expansion — How New Rules Benefit Thousands of Seniors

    Expand All
    Comments / 10
    Add a Comment
    Anne ginley
    57m ago
    we all need help not just SSI they don't even pay into anything isn't that something
    Lucky Obsession
    1h ago
    what about SSDI, I freaking get $23 a month on food stamps, people on SSI get everything, what a f***** up system 🤬
    View all comments
    YOU MAY ALSO LIKE
    Local News newsLocal News

    Comments / 0