An individual whose countable resources exceed the applicable limit can sometimes receive conditional payments. Conditional payments are made, when an individual's or couple's countable resources include some that are nonliquid, in recognition that it can take months to convert nonliquid resources to cash for support and maintenance. People who receive conditional payments are not eligible for SSI benefits and must refund the payments at the end of the conditional payment period.
An individual (or couple) can receive conditional SSI payments only if:
A. Total countable liquid resources do not exceed triple the applicable Federal Benefit Rate; and
B. The individual agrees in writing to dispose of the excess nonliquid resources within 9 months if real property (3 months for other property) and to make repayment. The time limit for personal property may be extended an additional 3 months for good cause.
This information is from Section 2163 of the SSA Handbook.
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