The SSI Savings Penalty Elimination Act would raise the Supplemental Security Income (SSI) asset limit to $10,000 for individuals/$20,000 for couples. The legislation also adjusts those numbers based on inflation every year. This will allow SSI recipients to maintain modest savings to pay for emergencies and other unexpected expenses when they arise. Senator Collins cosponsored the SSI Savings Penalty Elimination Act in the previous Congress, and per reports is considering signing on this year. Also, according to national organizations advocating for people with disabilities, including ID/DD, this effort would benefit from the Senator hearing from members of the disability community in Maine. If raising the SSI asset limit would be beneficial to you or someone you care about, please consider reaching out to the Senator and asking her to co-sponsor this important legislation. You can contact the Senator by clicking this link, filling out your contact information to easily end an email via the Senator’s website.
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