If you have a child suffering from a medical condition you may be able to receive Supplemental Security Income benefits for your child. The condition is not limited to medical diseases but can include behavioral and learning disorders.
If your child meets the medical requirements for SSI, your household will also have to meet certain income requirements. Social Security will consider the wages earned by both parents, money in the bank, and the value of any retirement accounts, investments, and additional property other than your primary residence. Vehicles you own will also be counted as resources; Social Security will exclude one vehicle form he resource count.
In order to meet the resource qualifications for SSI benefits the countable value of your resources which includes cash, investments, countable vehicles and property, must not be worth more than $2,000. If you have money in the bank that puts you over this resource limit you do have the option of spending this money down in order to qualify. You can use the money for any purpose; once you are below the $2,000 resource limit your child may become eligible for SSI benefits.
It may seem like a big hassle to be approved for SSI; however, once your child is eligible to receive SSI you will also be enrolled in Medicaid through your State. Medicaid will pay for your child’s medical expenses including prescription medication. You may also qualify for food stamps. To find out more about qualifying for SSI benefits in your state contact Social Security at their toll-free number.