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An Individual Development Account (IDA) will affect my eligibility determination or continued eligibility for Supplemental Security Income (SSI) and Medicaid. TRUE FALSE “This one is a real thinker…”
Wrong… Savings that are set aside in an IDA cannot be counted as an asset in determining eligibility or continued eligibility for SSI or Medicaid. Please try again.
CORRECT!!! Federally funded IDAs are exempt from counting as an asset for the purposes of remaining eligible for SSI and Medicaid. An IDA with savings plans could actually help preserve eligibility for Social Security benefits. To learn more about the Assets for Independence Act Legislation that enables IDAs to be exempt from counting as assets, visit: http://www.acf.hhs.gov/programs/ocs/afi/assets.htmlhttp://www.acf.hhs.gov/programs/ocs/afi/assets.html 30-Second DPN Trainings are a National Disability Program Navigator collaborative effort