Is SSI And SSDI The Same Thing In Social Security?

The Social Security Administration (SSA) runs two programs that give benefits to those who are injured or blind: Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). The SSI is more comprehensive than the SSDI and may be able to help seniors in need. While the programs appear to be fairly similar, they have different eligibility requirements.

SSDI assists persons who cannot work due to a disability and their dependents. To be eligible for SSDI, beneficiaries must meet the Social Security Act’s definition of disability.

SSA Disability

A person is classified as disabled by the Social Security Administration (SSA) if they cannot work owing to a severe medical condition that has lasted (or is likely to persist) for at least one year or is expected to result in death. The condition must also hinder individuals from returning to previous jobs or adjusting to new ones.

SSDI, like Social Security retirement payments, is an earned benefit, according to AARP. You become eligible by working and paying Social Security taxes into the system. Spouses and children of disabled workers may be eligible for additional payments. Disabled children may also qualify for SSDI benefits based on their parents’ records.

Past earnings determine payment amounts. According to AARP, the average monthly SSDI compensation is expected to reach $1,358 in 2022.

SSI Disability

SSI is a needs-based program created to distribute benefits to people who are disabled, blind, or 65 and older, as defined by the Social Security Administration (SSA). Recipients must have a meager income and assets that do not exceed a specific amount. Because SSI is not related to job history, you may be eligible even if you have never paid Social Security taxes.

According to AARP, the current maximum federal SSI payment for an individual is $841 per month and $1,261 per month for a couple receiving benefits jointly. Benefits may be reduced to those levels, and income exceeding those levels may disqualify you from the program. Individuals have a $2,000 resource limit, while couples have a $3,000 restriction.

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Bio:
For over 13 years, Jason Anderson has served as a Personal Financial Advisor, Estate and Retirement Planner, helping to educate individuals from all walks of life and income levels on wise money investment and planning for a comfortable lifestyle and retirement.

Over time, Jason Anderson has become the ‘Go-To’ leading authority on personal financial advising, financial planning, and analysis, as well as retirement planning and financial planning for SMALL BUSINESS OWNERS. He also provides HIGHLY Popular financial education seminars for groups. These financial seminars empower people to more effectively budget, plan, manage their money, and achieve their personal financial goals. As a result of the excellent results, praise, and feedback that their financial seminars have received, the City of Los Angeles, The AFL-CIO union groups, as well as several other organizations, have decided to partner with Jason to more effectively accomplish their mission. He was also honored to be showcased in the November 2014 issue of Forbes Magazine “Americas Financial Leaders” and has been dubbed by the media as ‘The Financial Educator.’

Jason is passionate about the work he does because it brings him joy to help his financial planning and advising clients reach their financial goals. He finds excitement in assisting families in saving and paying for their children’s college education without stress, thanks to the financial plans he designs for them. He also takes pride in witnessing clients reach retirement and enjoy it precisely the way they desire.

Personally, Jason finds joy in being a husband and father of two wonderful children. In his spare time, he enjoys traveling, sports, hiking, and reading.

He works with Employees, Business Professionals, Business Owners, and ‘High Net Worth’ People.

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Disclosure:
All annuity and life insurance products are designed to supplement securities as part of an overall plan. The recommendation of annuities and life insurance is not designed to eliminate the need for securities in any way.