- difference between SSI and SSDI

[Guest guest]

Are you applying for Supplemental Security Income or Social Security Disability

Income? I found this info on the web. It looks like the SSI WOULD take your

assets into account, but SSDI doesn't.

Arlene

3. What is the difference between SSDI and SSI disability?

The Social Security Administration is responsible for two major programs

that provide benefits based on disability -- Social Security Disability

Insurance (SSDI), which is based on years of prior work and Supplemental

Security Income (SSI). Under SSI, payments are made on the basis of financial

need.

Social Security Disability Insurance (SSDI) is financed with Social

Security taxes paid by workers, employers and self-employed persons. To be

eligible for a Social Security benefit, the worker must earn sufficient credits

based on taxable work to be " insured " for Social Security purposes. Disability

benefits are payable to blind or disabled workers, to widow & widowers, or to

adults disabled since childhood and all who are otherwise eligible. The amount

of the monthly disability benefit is based on the Social Security earnings

record of the insured worker.

Supplemental Security Income (SSI) is a program financed through general

tax revenues. SSI disability benefits are payable to adults or to children who

are disabled or blind, have limited income resources and meet the living

arrangement requirements. The monthly payment varies and can go up to the

maximum federal benefit rate which may be supplemented by the State or decreased

by countable income and resources.