Social Security Income
Supplemental Security Income
Supplemental Security Income
What is Supplemental Security Income?
Supplemental Security Income (SSI) is a program that provides benefits to disabled persons who have limited resources and their assets and household income are below a certain threshold in order to qualify. SSI is funded by the federal government’s tax revenues.
Unlike SSDI, that is tied to a recipient’s work history, SSI is not. You can qualify for SSI even if you have never worked and paid into Social Security taxes. This is because SSI is a needs-based program. Similar to SSDI, in order to qualify for SSI, you must be unable to work due to a severe medical condition that has lasted or is expected to last at least one year or more, or result in death. However, it also depends on a person’s current income and assets.
SSI is not funded through the Social Security Administration by payroll tax contributions. SSI payments come from the Treasury Department and paid from the general tax fund. An individual would have to prove that their assets and household income are below a certain threshold in order to qualify. In order to meet that threshold to qualify, a person who is single must have less than $2,000 in assets, and a married couple must have no more than $3,000 in assets. SSI recipients are usually eligible for medicaid immediately. Medicaid is a state-federal health care assistance program that serves low-income people of any age.
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When it comes to Social Security Disability, hiring the right attorney is essential.
Keep in mind, if you have been denied benefits the sooner you contact us, the better.
Supplemental Security Income
The amount of monthly financial benefits for SSI you will receive if disabled is based on a fixed amount. For the year 2021, the maximum monthly federal benefit an individual can receive for SSI is $794, and the maximum monthly amount for eligible couples is $1,191. However, this might differ from state to state based on the state’s contribution. The monthly benefits are reduced dollar for dollar for any other income that a SSI beneficiary may receive. Therefore, if the SSI receipient’s income reaches a certain level, then they will stop receiving SSI benefits. Unlike SSDI, SSI benefits are affected by the recipient’s other income.
If a parent is receiving SSI disability benefits, unlike SSDI, their children cannot receive benefits through the parent’s SSI disability benefits. However, disabled children are able to qualify for SSI disability benefits on their own since there is no minimum age requirement for SSI disability benefits. Children under the age of 18 who are disabled are qualified to receive SSI disability benefits based on their parents’ income and assets.