Summary

Sets new, higher dollar limits on how much money people can own and still qualify for Supplemental Security Income (SSI): $2,000 for an individual and $3,000 for a couple in calendar year 2025. Requires those resource limits to be adjusted automatically each year for inflation thereafter, so the limits keep pace with price changes.

Key Points

• Sets SSI resource limits to $2,000 (individual) and $3,000 (couple) for calendar year 2025.
• Requires automatic annual inflation adjustments to those resource limits after 2025.
• Directly changes eligibility thresholds for Supplemental Security Income (SSI) recipients and applicants.
• Does not create new benefit payments or appropriate funds; fiscal effects come through eligibility changes.
• Requires administrative updates by the Social Security Administration (rules, systems, guidance).
• Makes future updates automatic, reducing need for frequent follow-up legislation.
• Aims to let recipients hold more savings without losing SSI benefits.

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