I knew Social Security would reduce retirement benefits to people with significant earned income. I wasn’t aware that SSI / disabled benefits were subject to a wealth test.
Off to check the SSA web site…
I’d forget it - the credit provider probably makes billions a year.
A friend of mine was a palliative care nurse. She found out that one of her patients (who only had months to live) was running around buying stuff for he kids and grandkids, on credit cards and loans - she knew they would be cancelled when she died. Should she have turned her in to the banks? She didn’t.
I’m back. That was very interesting.
From [url="http://www.ssa.gov/pubs/11000.html"SSA publication 05-110000:
Exceptions include a house, a car, and (for disabled people) some items related to earning income. There are also similar exceptions on the income limits.
I can’t tell from the brocure whether the wealth issue includes personal property. If you’re sufficiently concerned, you may want to have a chat with the local SSA office.
If you’re sufficiently worried and nasty, tell your friend that their expensive TV, satellite dish, etc. may be enough to DISqualify her for future disability income!
Coding fix:
Why would one’s possessions have any bearing on one’s disability status?
I think this is going into the GD territory but I will stay in GQ mode. That kind of thinking is why the cycle of credit cards raising interest rates/fees-consumers ripping off the CC will continue. If I just say the hell with it and let it be, I will contribute with the problem. You are able to turn in someone who is commiting other crimes via WEtip…I was just asking if there was something similar when you observe someone trying to defraud the Credit card Co