Sponsors (18)
The bill raises SSI resource limits and ties them to CPI‑U so beneficiaries can keep modest savings and avoid losing benefits, trading modestly higher federal costs and reduced policy flexibility for immediate and sustained eligibility protections — though indexing may still miss disability‑specific cost pressures.
Low-income SSI recipients (individuals and couples) will face higher resource limits: individual limit raised to $10,000 and couples to $20,000 in 2025, reducing the chance that modest savings will cost them benefits.
Recipients can more safely keep modest savings without immediate risk of losing benefits, improving short-term financial stability for beneficiaries who currently avoid saving to remain eligible.
Automatic CPI‑U indexing of the resource limits prevents erosion of those thresholds over time and reduces the need for frequent legislative fixes and additional administrative rulemaking.
Taxpayers will face modestly higher federal spending over time because raising and indexing SSI resource limits increases program costs.
People with disabilities and seniors may still see benefit levels lag their true needs because CPI‑U indexing may not track disability‑related costs (medical, housing) that often rise faster than general inflation.
The 'floored-at-1' indexing rule (preventing any downward adjustment) reduces policy flexibility and could delay needed program tightening in adverse fiscal or economic circumstances.
Based on analysis of 2 sections of legislative text.
Raises SSI asset limits to $10,000 (individual) and $20,000 (couple) in 2025 and indexes those limits annually to CPI‑U.
Raises the Supplemental Security Income (SSI) asset limits to $10,000 for individuals and $20,000 for couples beginning in calendar year 2025 and requires those limits to be increased each year thereafter using an automatic CPI‑U inflation adjustment tied to the 12‑month average CPI‑U. Replaces current fixed statutory resource levels with these new dollar amounts and an explicit annual cost‑of‑living update formula. The change lets SSI applicants and recipients hold more saved assets without losing benefits and creates an ongoing, predictable inflation indexing method so the resource limits will not become stale over time.
Official title: Amend title XVI of the Social Security Act to update the resource limit for supplemental security income eligibility.
Introduced April 1, 2025 by Catherine Marie Cortez Masto · Last progress April 1, 2025