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Examples of income and assets used to determine financial eligibility for disability and age-related LTSS pathways

Type Excluded Counted
Income
First $65 of monthly earned income plus one-half of remaining amount, up to certain limits

✓

First $30 of infrequent or irregularly received income in a quarter

✓

First $20 of monthly unearned income

✓

Certain need-based assistance, such as rent subsidies and SNAP

✓

Earned income
Wages ✓
Net self-employment earnings ✓
Payments for services in a sheltered workshop or activities center ✓
Certain royalties and honoraria ✓
Unearned income
Social Security benefits ✓
Annuities ✓
Pensions ✓
Trusts ✓
Unemployment ✓
Workers compensation ✓
Assets
Primary residence ✓
Household goods and personal effects ✓
Value of a burial space ✓
One automobile, if used for transportation of applicant or member of applicant’s household ✓
Burial funds of $1,500 or less ✓
Life insurance policies with a face value of $1,500 or less ✓
Cash ✓
Liquid resources (e.g., stocks and bonds, mutual fund shares, etc.) ✓
Equity value of nonliquid resources unless otherwise excluded ✓
Life insurance policies with a face value exceeding $1,500 ✓
Notes: LTSS is long-term services and supports. SNAP is Supplemental Nutrition Assistance Program. For married individuals, spousal impoverishment provisions are applied first (§ 1924 of the Social Security Act (the Act)).
Sources: MACPAC, 2021, analysis of Sections 1612 and 1613 of the Act and 20 CFR 416.1112 and 416.1124.