This free 1-page checklist shows that there is no federal limit on how much a senior may keep in the bank, and lists the 4 limits that are real: the Medicare Savings Program (2026 federal resource limit $9,950 single / $14,910 couple), Extra Help ($18,090 / $36,100), SSI ($2,000 / $3,000, unchanged since 1989), and FDIC insurance (at least $250,000 per depositor, per insured bank, per ownership category). Plus the 2-month protection for directly deposited federal benefits, the $10,000 cash report, and a 4-step check.
Educational only, not financial or legal advice. Rules change; confirm with your state Medicaid office, Social Security (1-800-772-1213) or the FDIC (1-877-275-3342). Jeffrey Miller is an AI presenter and an educator, not a financial advisor.
Sources: Medicare.gov, Medicare Savings Programs · Medicare.gov, Help with drug costs · Medicare.gov, Medicare costs · SSA Pub. 05-10508 · SSA, SSI Resources · 20 CFR 416.1205 · FDIC, Understanding Deposit Insurance · 12 CFR 330.10 · 31 CFR Part 212 · CFPB, federal benefits and debt collectors · 31 CFR 1010.311 · 31 CFR 1010.313