It depends. Individuals who receive Supplemental Security Income (SSI), or households including anyone who receives Family Independence Temporary Assistance Program (FITAP), Kinship Care Subsidy Program (KCSP), or Strategies to Empower People (STEP) Program benefits, are exempt from the SNAP resource limit.
LDH is also using Broad-Based Categorical Eligibility (BBCE) to expand SNAP eligibility to applicants who have excess assets but who are otherwise income eligible. If a household is BBCE-eligible, assets will not be counted in determining SNAP eligibility.
Certain restrictions do apply. If household members have been disqualified (for program violations, failure to comply with work registration requirements, noncompliance with SSI-required treatment for addiction/alcoholism, conviction of certain crimes, receipt of substantial lottery/gambling winnings) or if a household member is otherwise ineligible (e.g., an ineligible student, ineligible alien, or on strike), Broad-Based Categorical Eligibility will not apply. Assets will be considered in determining SNAP eligibility.
Assets of households that are not BBCE-eligible, and that are not otherwise exempt from the resource limit, must be counted in determining SNAP eligibility.
Assets include things like bank accounts, cash, certificates of deposit (CDs), stocks, and bonds. More information on SNAP eligibility and resource limits.