Assets for Independence (AFI)

Assets for Independence (AFI)

AFI focuses primarily on helping families and individuals with low income and low assets. In particular, the program is directed at serving Americans whose household income is less than twice the federal poverty level, or whose household assets, excluding a residence and one car, do not exceed $10,000 in value.

The Assets for Independence Act (also known as AFIA) established a federally-funded program to help raise low-income families out of poverty. Working with community-based nonprofit organizations and government organizations,

Assets for Independence (AFI) projects help participants save earned income in Individual Development Accounts (IDAs). Money deposited into IDAs is matched (from 100% up to 800%) by federal and nonfederal funds, and is often applied toward home ownership, small business capitalization, and enrollment in post-secondary education or training.

AFI and Disability

Disabled individuals can face huge economic challenges. Income can plummet and costs can skyrocket as a result of disability. If you’re facing economic hardship as a result of disability, Assets for Independence may be able to provide the help you need.

Assets are not factored into Social Security Disability (SSD) judgments.

While many federal assistance programs apply means-testing, Title II of the Social Security Act, which addresses Social Security Disability Insurance, stipulates that any assets SSD recipients own can have no bearing on benefits.

If you are applying for SSDI, or if you’re already receiving disability benefits, there is no reason not to accumulate all the assets you can—and AFI may be just the help you need.
For further information about AFI, click here or here. You can also call 1-866-778-6037 toll-free for information.

If you would like to know more about your SSDI options, click here for a free SSDI evaluation. If you have any further questions about Social Security Disability, a qualified MedicareMall agent will be happy to answer them. We’ll also be glad to answer any questions you may have about Medicare Part A, Medicare Part B, Medicare Advantage, or Medigap plans.

Contact MedicareMall now and we’ll make it our priority to help you make the best-informed decisions possible about your health or disability.

Social Security Disability Conditions