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When are resources valued?

Excerpted from "Social Security Handbook". See the up-to-date, official Social Security Handbook at ssa.gov.

2155. When are resources valued?

Your countable resources are established for each month using their value as of the first moment of the month. We do not consider any change in the value of countable resources, or any conversion of a resource from an excluded to a non-excluded form (or vice versa), until the beginning of the following month. When you file a claim or seek reinstatement during a month, your resources are valued as of the first moment of that month to determine eligibility.

Last Revised: March, 2001


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