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Can I qualify for an Individual Development Account (IDA) while receiving Supplemental Security Income (SSI) or Medi-Cal benefits?

April 26, 2017account Development Ida income individual qualify security ssi supplemental

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Can I qualify for an Individual Development Account (IDA) while receiving Supplemental Security Income (SSI) or Medi-Cal benefits?

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Yes. But you should enroll in an IDA that is funded by Temporary Aid to Needy Families (TANF) or the Assets for Independence Act (AFIA). If you enroll in an IDA program that is funded by some other source, you could lose your Supplemental Security Income (SSI) or Medi-Cal benefits.