SSI Savings Penalty Elimination Act
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Summary
This bill amends the Supplemental Security Income (SSI) program to increase the resource limits for eligibility. It raises the resource limit for individuals from $2,250 to $20,000 and for couples from $1,500 to $10,000, effective in calendar year 2025. The bill also establishes an automatic inflation adjustment mechanism to increase these limits annually based on the Consumer Price Index.
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