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In March of 2024, the Social Security Administration made some updates to how SSI payments are calculated - and these changes can benefit people who depend on these monthly payments to get by! SSI, or Supplemental Security Income, helps people who are not able to work due to a disability. The rules regarding how these payments are calculated can get complicated. They just became a little easier though! In this video, Ellen will discuss how SSI payments are calculated, what new changes have been made for 2024, and what to expect if you or someone you love is receiving these payments. PLEASE NOTE: In this video we use the California SSI number of $1183/month; the federal amount is $943/month, and some states (including California) supplement this very low amount. 00:00:00 Many people with disabilities depend on supplemental security income 00:00:06 Some huge updates were just released 00:00:27 New laws and benefits for SSI recipients 00:00:46 Understanding SSI rules and restrictions 00:01:19 Qualifying for SSI and countable assets 00:02:36 The purpose of SSI and recent changes 00:02:51 Impact of third-party payments on SSI 00:03:35 Recent positive changes in SSI rules 00:04:58 Rent and ISM Deduction 00:05:19 Presumed Cost of Living 00:05:48 SSI Overpayment Reduction 00:06:33 Withholding Adjustment 00:07:06 Financial Considerations 00:07:33 Long-Term SSI Benefits 00:08:29 Qualification for Medi-Cal 00:08:55 Conclusion and Next Steps ✅ Please Subscribe to my channel I put out a new video every week → / @ellencookman-estateplanningsnt ✅ FREE Initial Call 👇👇 https://cookmanlaw.com/talk-to-intake... 💥 Follow me on Social Media 💥 Instagram: / cookman_law Facebook: / cookmanlaw LinkedIn: / ellen-cookman-jd-ll-m-88728b12 Website: https://cookmanlaw.com/ Looking forward to connecting! Please call or text with any Estate Planning questions: (650) 690-2571 The content of this YouTube channel is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this YouTube channel for legal advice. Viewing this YouTube channel is not intended to and shall not create an attorney-client relationship between you and Ellen Cookman or Cookman Law, PC. Messages or other forms of communication that you transmit to this YouTube channel will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither Ellen Cookman nor Cookman Law, PC makes any representation, warranty, or guarantee about the accuracy of the information contained in this YouTube channel or in links to other YouTube channels or websites. This YouTube channel is provided "as is," does not represent any outcome or result from viewing of this channel. Your use viewing of this YouTube channel is at your own risk. You enjoy this YouTube channel and its contents only for personal, non-commercial purposes. Neither Ellen Cookman, Cookman Law, PC, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind. © 2022 Cookman Law. All rights reserved. #SSI #supplementalsecurityincome #ssibenefits