Are you aware that your Social Security benefits can be suspended or terminated due to certain actions? Here are four crucial ways to avoid losing your benefits:
1. Exceeding the income limit: If you earn more than $1,971 per month from work, your SSI benefits may be reduced or stopped.
2. Not reporting changes: Failing to promptly report changes in your monthly income and living situation can lead to benefit suspension.
3. Earning too much while receiving SSDI: If you exceed the EPE earnings limit ($1,550/month or $2,590 for disability due to blindness), you won't qualify for your SSDI payment.
4. Exceeding the resource limit: Having resources worth more than $2,000 (individual) or $3,000 (couple) can make you ineligible for SSI benefits.