What is the difference between Social Security Disability (“SSDI”) and SOCIAL SECURITY SUPPLEMENTAL INCOME (“SSI”)?
As a rule of thumb, if have you worked and paid Social Security taxes for at least 5 out of the last 10 years before becoming disabled, you are likely eligible to collect Social Security Disability (“SSDI”). SSDI benefits are funded through the Social Security Trust. Certain eligibility requirements differ depending on your age, education, skills, and work experience, and can be waived for applicants under the age of 22. Supplemental Security Income (SSI) payments are made on the basis of financial need to adults and children who are disabled, blind, or have limited income and resources. SSI payments and funded from general tax revenues, NOT from the Social Security Trust. The amount of monthly SSI payments vary per state.
Related Questions
- How will my employment affect my Supplemental Security Income (SSI) or my Social Security Disability Insurance (SSDI) benefit?
- What is the difference between Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI)?
- What are Social Security Disability Income (SSDI) and Supplemental Security Income (SSI)?
