Here are just a few friendly reminders on Social Security Income:
- The state agencies are now requiring that the award letter(s) for Social Security Income and / or SSI cannot be dated more than 120 days before the effective date of the certification.
- Updated and current award letters can be obtained by the resident / applicant calling Social Security from your office (1-800-772-1213) to request a current letter. The Social Security Administration will then fax a current award letter to the management office with the resident or applicant’s permission. Please note this information is also on the Verification of Social Security in eforms.
- You must always use the GROSS amount of Social Security income received (ex. use $785.40 instead of $785.00) to calculate income. Never use the rounded down amount or the amount after any Medicare deductions.
- For elderly RD and HUD properties, you can use the monthly Medicare premium(s) as a medical expense.
As always, please feel free to contact the Compliance Department with any questions.
Compliance Resources
Kristin Strong
p: 503.450.0231
e:kstrong@cambridgeres.com
Breana Thomas
p: 503.445.2791
e: bthomas@cambridgeres.com