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Time-limited CSSA arrangement set

The Social Welfare Department today announced that the total cash value of insurance policies of able-bodied applicants for the Comprehensive Social Security Assistance (CSSA) Scheme will be disregarded as assets during a one-year grace period.   The time-limited arrangement will last from April 1 to September 30.   Specifically, for able-bodied CSSA applicants whose applications are submitted within the six months from April 1 to September 30, all insurance policies they own, irrespective of the cash value, will be disregarded for the asset test during the one-year grace period.   The arrangement was proposed in the Chief Executive’s 2020 Policy Address to help more unemployed people tide over their financial difficulties. The Legislative Council Finance Committee approved the proposal on January 15.   Call 2343 2255 for enquiries.
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