SI 01110: Resources, General
TN 37 (02-06)
Citations:
Social Security Act, as amended, §1613(a); 20 CFR 416.1203-416.1204, 416.1210-416.1239, 416.1245, and 416.1247
A. Introduction
Once you have determined that an asset meets the definition of a resource, it is necessary to determine that resource's effect on eligibility. Certain resources do not count against the statutory limit; i.e., they are excluded.
B. Description — list of resource exclusions
Exclusion |
Reference |
No Limit on |
Limit on Value and /or Length of Time |
---|---|---|---|
Home serving as the principal place of residence, including the land on which the home stands and other buildings on that land |
X |
||
Funds from the sale of a home if reinvested timely in a replacement home |
X |
||
Jointly-owned real property which cannot be sold without undue hardship (due to loss of housing) to the other owner(s) |
X |
||
Real property for so long as the owner's reasonable efforts to sell it are unsuccessful |
X |
||
Restricted, allotted Indian land if the Indian/owner cannot dispose of the land without permission of other individuals, his/her tribe, or an agency of the Federal Government |
X |
||
One vehicle used for transportation |
X |
||
Life insurance, depending on its face value |
X |
||
Burial space or plot held for an eligible individual, his/her spouse, or member of his/her immediate family |
X |
||
Burial funds for an individual and/or his/her spouse |
X |
||
Certain prepaid burial contracts |
X |
||
Household goods and personal effects |
X |
||
Property essential to self-support |
X |
||
Resources of a blind or disabled person which are necessary to fulfill an approved plan for achieving self-support |
X |
||
Stock held by native Alaskans in Alaska regional or village corporations effective January 1, 1992 when the stock becomes a resource |
X |
||
Retained retroactive SSI or RSDI benefits |
X |
||
Dedicated Accounts |
X |
||
Restitution payments for misused Title II, Title VIII and Title XVI benefits |
X |
||
Radiation Exposure Compensation Trust Fund payments |
X |
||
German reparations payments made to World War II Holocaust survivors |
X |
||
Austrian social insurance payments |
X |
||
Japanese-American and Aleutian restitution payments |
X |
||
Federal disaster assistance received on account of a Presidentially declared major disaster, including interest accumulated thereon |
X |
||
Cash (including accrued interest) and in-kind replacement received from any source at any time to replace or repair lost, damaged, or stolen excluded resources |
X |
||
Certain items excluded from both income and resources by other Federal statutes |
Varies |
||
Agent Orange settlement payments to qualifying veterans and survivors |
X |
||
Victims' compensation payments |
X |
||
State or local relocation assistance payments |
X |
||
Tax refunds related to Earned Income Tax Credits |
X |
||
Grants, Scholarships, Fellowships, and Gifts |
X |
||
Ricky Ray Hemophilia Relief Fund |
X |
||
Veterans’ Children with Certain Birth Defects, Payments to |
X |
||
State Annuities for Certain Veterans |
X |
C. References
SI 01130.700, Identifying Excluded Funds that have been Commingled with Nonexcluded Funds
SI 01330.120/SI 01330.220, Exclusion of Retirement Funds from Spousal/Parental Deeming