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Glossary
Resources
Cash or property that you own, can convert to cash, or can use to support yourself. Stocks, bonds, and savings accounts are a few examples of resources. The home you live in and the car you drive to work are exempt under most Social Security and state disability benefit programs.
For
Supplemental Security Income
(SSI), the first $100,000 in an
ABLE account
is not counted as resources. For
MO HealthNet
,
Supplemental Nutrition Assistance Program
(SNAP),
and some other programs, none of the money in an ABLE account is counted.
Also called "assets."
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