What is the difference between Supplemental Security Income (SSI) and Social Security Disability benefits?
SSI requires no work history, but only pays a minimum amount, although it increases each year. In 2009, SSI is $674 a month. You must also have no income greater than the amount of the SSI to which you would be entitled because your entitlement will be reduced dollar for dollar by your income. An individual is entitled to have no more than $2,000 in resources (assets such as savings, investments, personal property other than that needed for basic needs including your clothing and automobile, and real estate other than your home). A couple who are both receiving SSI are entitled to no more than $3,000 in resources. A couple who are both drawing SSI will together receive approximately one and a half of the benefit for an individual. However, this only applies if they are living together. All income coming into the household will be counted and averaged among all members living in the household and your SSI benefit will be reduced by the amount of your share of the income. Social Security
Related Questions
- What is the difference between Social Security Disability Insurance Benefits (SSDIB) and Supplemental Security Income (SSI)?
- What is the difference between Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) benefits?
- SHOULD I APPLY FOR SUPPLEMENTAL SECURITY INCOME ("SSI") OR FOR SOCIAL SECURITY DISABILITY ("SSDI") BENEFITS?
