![]() Your government stimulus checks will not count as reportable income for the purposes of SSDI eligibility. A consequence of this is that the financial requirements for SSDI eligibility are not as strict as the financial requirements for SSI eligibility. You must have a long enough work history-meaning you paid into the system-in order to be insured by SSDI. Unlike SSI, not everyone is covered by SSDI. Social Security Disability Insurance (SSDI) is a federal disability program funded through payroll tax contributions. Social Security Disability Insurance (SSDI) and Stimulus Payments After 12 months, any remaining stimulus money will be counted as a “financial resource” similar to any cash holdings. In other words, if you spend your stimulus payment within 12 months of receiving it, the income will not adversely affect your SSI eligibility in any manner. In addition, the federal agency will exclude all stimulus payments from its count of an applicant’s “financial resources” for at least 12 months. In its Coronavirus Disease (COVID-19) information page, the SSA is clear: Government stimulus payments will not be counted as income for SSI purposes. To qualify for SSI, an applicant must have both limited income and limited financial resources. Operated by the Social Security Administration (SSA), SSI has very strict eligibility requirements. Supplemental Security Income (SSI) is a means-tested federal disability insurance program. ![]() Supplemental Security Income (SSI) and Stimulus Payments Conick & Associates Ltd., provides a more comprehensive explanation of how stimulus checks will affect your SSI benefits and SSDI benefits. In this article, our Social Security disability attorney Harold W. You may be wondering: Will the government stimulus check affect my Social Security disability benefits? The short answer is “no”- however, SSI recipients should spend the payment within 12 months. The overwhelming majority of the people on Social Security disability qualify for stimulus payments. It is possible more stimulus payments will be approved in 2021. The second stimulus payment was up to $600 for qualifying individuals. ![]() As noted by the Internal Revenue Service (IRS), the first stimulus payment was for up to $1,200 to qualifying individuals. ![]() To address the economic fallout, Congress has approved rounds of stimulus payments. With more than 25 million cases confirmed nationwide as of late January 2021, COVID-19 remains a serious public health crisis. ![]()
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