Difference between SSDI and SSISocial Security AttorneysUpdated on Mar 17, 2016 View more like this | Visit KNOXVILLE, TN | Contact Bill Hotz |
Many people find themselves confused when it comes to distinguishing between SSI and SSDI, and as a result of this, the two terms are often used interchangeably. However, the two are completely different governmental programs, each with a different set of rules and benefits. To fully understand the differences between the two programs, it is first important to clarify exactly what each program offers and what makes you eligible for them:
What is SSDI?
Social Security Disability Insurance is a program funded through payroll taxes, and to qualify as a recipient of this, you must have worked for a certain number of years and made Social Security contributions in the form of FICA Social Security Taxes, to the Social Security trust fund.
You must also be younger than 65 years of age to qualify and have earned a certain number of work credits. If you’ve been receiving SSDI for 2 years as a disabled person, then you’ll automatically become eligible for Medicare.
Under this program, the spouse and child dependents of the recipient are also eligible to partial benefits, otherwise known as auxiliary benefits, but you must be over the age of 18 years in order to qualify for and receive, the SSDI disability benefit.
After becoming disabled and registering for SSDI, you must then wait 5 months before you will receive any benefits and the amount that you receive, will be calculated according to your earnings record.
What is SSI?
Supplemental Security Income is strictly based upon your needs according to your income and assets, and is funded by general fund taxes. It is a means tested program – so that any savings or assets you may have that total more than $2,000 for singles, or $3,000 for couples will forfeit your eligibility – that takes into account only your financial needs and not your work history. You must also have a very limited income, in order to qualify.
Those who meet the income requirements for SSI are also able to receive Medicaid according to the state in which they live, and may be eligible for food stamps, too. The amount of benefit they receive is also dependent on the state in which they reside, and regular monthly incomes are taken into account. SSI benefits are issued on the 1st day of the month after the submission of their first application.
What are the 2 main differences between SSDI and SSI?
. SSDI is available to those employed people who have accrued a sufficient amount of work credits
. SSI benefits are available to people who live on what the government determine to be a low income, and who have never worked or have not earned enough work credits to qualify for SSDI
Both programs are managed by the Social Security Administration; while an individual’s medical eligibility is assessed using the same guidelines for both programs, it is clear that there are distinct differences between the 2 which need to be established before applying for either one.
Your search for Knoxville social security disability lawyer ends here. Bill Hotz and Associates is law firm that has been helping people get approved for their social security disability benefits for over 25 years. We’ve a team of over 30 Knoxville social security disability lawyers & paralegals.
What is SSDI?
Social Security Disability Insurance is a program funded through payroll taxes, and to qualify as a recipient of this, you must have worked for a certain number of years and made Social Security contributions in the form of FICA Social Security Taxes, to the Social Security trust fund.
You must also be younger than 65 years of age to qualify and have earned a certain number of work credits. If you’ve been receiving SSDI for 2 years as a disabled person, then you’ll automatically become eligible for Medicare.
Under this program, the spouse and child dependents of the recipient are also eligible to partial benefits, otherwise known as auxiliary benefits, but you must be over the age of 18 years in order to qualify for and receive, the SSDI disability benefit.
After becoming disabled and registering for SSDI, you must then wait 5 months before you will receive any benefits and the amount that you receive, will be calculated according to your earnings record.
What is SSI?
Supplemental Security Income is strictly based upon your needs according to your income and assets, and is funded by general fund taxes. It is a means tested program – so that any savings or assets you may have that total more than $2,000 for singles, or $3,000 for couples will forfeit your eligibility – that takes into account only your financial needs and not your work history. You must also have a very limited income, in order to qualify.
Those who meet the income requirements for SSI are also able to receive Medicaid according to the state in which they live, and may be eligible for food stamps, too. The amount of benefit they receive is also dependent on the state in which they reside, and regular monthly incomes are taken into account. SSI benefits are issued on the 1st day of the month after the submission of their first application.
What are the 2 main differences between SSDI and SSI?
. SSDI is available to those employed people who have accrued a sufficient amount of work credits
. SSI benefits are available to people who live on what the government determine to be a low income, and who have never worked or have not earned enough work credits to qualify for SSDI
Both programs are managed by the Social Security Administration; while an individual’s medical eligibility is assessed using the same guidelines for both programs, it is clear that there are distinct differences between the 2 which need to be established before applying for either one.
Your search for Knoxville social security disability lawyer ends here. Bill Hotz and Associates is law firm that has been helping people get approved for their social security disability benefits for over 25 years. We’ve a team of over 30 Knoxville social security disability lawyers & paralegals.
