Transferred
WHAT ARE RESOURCES?Resources are cash and things you own and can turn into cash. Examples of resources are bank accounts, vehicles, property, stocks and bonds. |
WHY ARE RESOURCES IMPORTANT IN THE SSI PROGRAM?To get Supplemental Security Income (SSI), your countable resources must not be worth more than $2,000 for an individual or $3,000 for a couple. We call this the resource limit. Read the SSI Spotlight on Resources, for information about how we count resources. |
WHAT DOES IT MEAN TO TRANSFER RESOURCES?Transferring a resource is giving away or selling a resource. For example, giving away cash to another person is a transfer of resources. |
WHAT HAPPENS TO MY SSI IF I TRANSFER A RESOURCE?If you, your spouse, or a co–owner give away a resource or sell it for less than it is worth, you may be ineligible for SSI for up to 36 months. How long you are ineligible for SSI depends on the value of the resource you transferred. |
WHAT HAPPENS IF I SELL A RESOURCE?If you sell a resource for what it is worth, the 36–month ineligibility period does not apply. But, the money you receive from the sale may make you ineligible if it puts you over the $2,000 resource limit for an individual or $3,000 for a couple. |
WHAT HAPPENS IF I PUT MY RESOURCES INTO A TRUST?In some cases, we consider putting resources into a trust as a transfer of resources that makes you ineligible for SSI. In other cases, we count the trust itself as a resource. Moreover, the value of the trust could put you over the resource limit. See the SSI Spotlight on Trusts or more information on how trusts affect SSI eligibility. |
HOW DOES TRANSFERRING A RESOURCE AFFECT MEDICAID COVERAGE?Medicaid may not pay for certain health care costs if you or your spouse gives away a resource or sell it for less than it is worth. If you have any questions about how transferring a resource affects Medicaid coverage, please contact the welfare or social services agency that handles Medicaid in your area. They can answer your questions about how transferring resources affects Medicaid. |
Transferred Epithet
What does transfered mean? Common misspelling of transferred. Transferred Contract means (i) any Note, any Asset Document, any Collateral Document, any Related Agreement or any other contract or instrument defined as included within any Loan or Acquired Property, or (ii) any operating or similar agreement with respect to any Entity formed by the Receiver or any predecessor in interest and transferred to the Company on the Closing Date pursuant to the.
The taking or moving of something from one place to another. The moving of a patient from one surface to another. Patients can be taught to transfer safely either independently or with minimal assistance if they can balance in a sitting position. In physics, energy is the quantitative property that must be transferred to an object in order to perform work on, or to heat, the object. Energy is a conserved quantity; the law of conservation of energy states that energy can be converted in form, but not created or destroyed. Transfer definition is - to convey from one person, place, or situation to another: move, shift. How to use transfer in a sentence.
THIS INFORMATION IS GENERAL.
FOR MORE INFORMATION, CALL 1–800–772–1213 (TTY 1–800–325–0778),
VISIT OUR WEBSITE (www.ssa.gov) ON THE INTERNET,
OR CONTACT YOUR LOCAL SOCIAL SECURITY OFFICE.