What If I Receive a Large Sum of Money as the Payee for a Child Receiving SSI?
Certain large past-due SSI payments to blind or disabled children covering more than six months of benefits must be paid directly into a separate account in a financial institution. We call this separate account a “dedicated account” because funds in this account may be used only for certain expenses, primarily related to the child’s disability. The money in the “dedicated account” and the interest that it earns are not countable as an SSI resource.
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- What If I Receive a Large Sum of Money as the Payee for a Child Receiving SSI?
