because you receive benefits that are need based - such benefits will be affected if you have additional income.
These are your money and you may spend them as you wish.
HERE is the information how additional income affect SSI benefits.
The money you receive is considered income for the month you receive it and could make you ineligible for that month, depending on the amount.
If you keep the money into the next month, it then becomes a part of your resources. An individual cannot have more than $2,000 in resources to remain eligible.
Call Social Security at 1-800-772-1213 and report the income (TTY number, 1-800-325-0778) . They will tell you how your eligibility will be affected and what you can do to remain eligible.
Let me know if you need any help.
I do not think that receipts are required, but it would be wise to keep receipts just in case.
If you received the income in June - it is counted as income received in June and will affect your SSI in June.
All money that you would not spend by June 30 - will be counted as your assets in July.
It doesn't matter if you keep them in the bank or as cash in your pocket.
As long as your total countable assets are below $2000 - your July SSI will not be affected.
Yes - you are correct - an additional income in June will affect your eligibility and if you already received SSI benefits - you might be required to pay them back or your future benefits will be reduced by the amount you owe.
Your Medical benefits might be affected if they are need based.
I do not think that you will loose eligibility, but might be required to pay part of premium for that month.
To determine the amount - you would need to contact SSA in your local office.
Yes - these are your money - and you may use them as you want.
However - if you use the money to purchase some items - they might be counted as your resources.
Resources are the things you own such as cash, real estate, personal belongings, bank accounts, stocks and bonds that you can use for your support.
To be eligible for SSI a person must have $2,000 or less in countable resources. If you own resources over the SSI limit, you may be able to get SSI benefits while trying to sell the resources.
Not all of your resources count toward the SSI resource limit. For example: