Category

Business

Category

The Social Security Administration has issued a final rule that will prevent food assistance from reducing payments to certain beneficiaries. The change applies to Supplemental Security Income, or SSI, which provides monthly checks to adults and children who are disabled, blind or age 65 and older, and have little or no income or resources. Approximately 7.4 million Americans receive support either exclusively from SSI or in combination with Social Security. Under the new rule, which goes into effect Sept. 30, food will no longer count toward calculations for eligibility for benefits, known as In-Kind Support and Maintenance, or ISM. Currently, support in the form of food, shelter or both may count as unearned income for SSI beneficiaries, and therefore reduce their payments or affect their eligibility for benefits. The monthly maximum federal SSI amounts in 2024 are $943 for individuals, $1,415 for couples and $472 for essential persons, or those who live with an SSI beneficiary…