There are many similarities between the Social Security Disability (SSDI) and Supplemental Security Income (SSI) programs. They both provide financial benefits to disabled individuals and are both overseen and managed by the Social Security Administration (SSA). Although they are run by the SSA, they are two completely different governmental programs. The main difference between the two is the eligibility requirements.
The general rule of thumb is that workers who accumulate the appropriate number of work credits are eligible for SSD benefits. Those who have never worked or haven’t earned enough work credits for SSD can qualify for SSDI.
Let’s break it down a little more:
Supplemental Security Income (SSI)
“Supplemental Security Income is a program that is strictly need-based, according to income and assets, and is funded by general fund taxes. SSI is called a “means-tested program,” meaning it has nothing to do with work history, but strictly with financial need. To meet the SSI income requirements, you must have less than $2,000 in assets (or $3,000 for a couple) and a very limited income.” – www.disabilitysecrets.com
Additionally, Medicaid and food stamps are also available to disabled individuals who qualify under the income requirements for SSI. The amount would depend on where the individual lives and how much regular, monthly income they earn. Individuals who qualify for SSI benefits receive their payments on the first of the month.
Social Security Disability Insurance (SSDI)
“Social Security Disability Insurance is funded through payroll taxes. SSDI recipients are considered “insured” because they have worked for a certain number of years and have made contributions to the Social Security trust fund in the form of FICA Social Security taxes. SSDI candidates must be younger than 65 and have earned a certain number of “work credits.” After receiving SSDI for two years, a disabled person will become eligible for Medicare.” – www.disabilitysecrets.com
Individuals who qualify for SSDI benefits are required to wait five months before they receive any benefits. After the waiting period is over, the amount the individual receives will depend on their income prior to their disability.
Working through a personal disability or disability of a loved one can be time consuming and confusing. Understanding the differences between each program and their offerings is the key to receiving the financial benefits you need and deserve. Our dedicated Sacramento social security disability attorneys at Eason & Tambornini, A Law Corporation, can answer any questions you may have about SSI or SSDI and help you through the application process. Contact us today to get started!
