MedicarePartD.guide

A non-government resource built from CMS public data

What is NOT counted as a Resource(Asset) by Social Security when applying for extra help with Medicare prescription drug plan costs?


What does not count as a resource?

Social Security does not count:
  • Your primary residence;
  • Your personal possessions;
  • Your vehicle(s);
  • Resources you could not easily convert to cash, such as jewelry or home furnishings;
  • Property you need for self-support, such as rental property or land you use to grow produce for home consumption;
  • Non-business property essential to your self-support;
  • Life insurance policies;
  • Burial expenses including burial plots and up to $1,500 per person for burial expenses;
  • Interest earned on money you plan to use for burial expenses; and
  • Certain other money you are holding is not counted for nine months, such as:
    • Retroactive Social Security or Supplemental —Security Income (SSI) payments;
    • Housing assistance;
    • Tax advances and refunds related to earned income tax credits and child tax credits;
    • Economic recovery payments;
    • Compensation you receive as a crime victim; and
    • Relocation assistance from a state or local government.
You should contact Social Security for other resource exclusions.