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Finding the Right Legal Representation for Your Company
What To Know About Two Similar Social Security Benefit Programs
Tracy Roberts
It's easy to see why people get confused about the several different kinds of Social Security programs. One program offers people retirement benefits but two other programs address those who are not old enough to retire. These programs have similarities but they aim to help people who are in very different financial circumstances. Read on to learn more about SSI and SSDI.
The Two Programs
- Social Security Disability Insurance (SSDI)
- Supplemental Security Income (SSI)
- Social Security Disability Insurance
SSDI helps those who have been working but who are now afflicted with a medical condition making them unable to work anymore. You can only be approved for SSDI benefits if you have worked long enough and earned enough money. For each paycheck the recipient has earned in the past, the Social Security Administration (SSA) has deducted funds that go towards disability pay or for their eventual retirement. The SSA calculates your ability to get benefits by using work credits. This means that workers earn one work credit for each $1,260 that they earn. The amount of work credits workers needed to be approved for disability varies depending on their age. Younger workers who can no longer work don't have to abide by the same work credit requirements.
Supplemental Security Insurance
SSI has no work requirements so if you have not worked enough or have not worked at all you might still be able to get benefits. SSI, however, does have income limits. If you own too much or have too much in a bank, you might not qualify. Those who receive SSI cannot have greater than $2,000 in certain types of property. Usually, your family home and a vehicle do not count. SSI can also be used to provide benefits to minor-aged children who have a disability.
These Programs Have Similarities
Here are a few ways that both programs are alike:
- They are both administered under the SSA, a government agency.
- To gain benefits, you must qualify medically and both programs are identical in the manner they qualify recipients using their medical conditions such as showing proof of the condition.
- The SSA does not cover every single medical condition, but the covered conditions use the same list for both programs.
- Both programs require applicants to be unable to work at a job for a certain period of time.
- There is a mandatory five-month waiting period before you receive the monthly payments.
If you have been denied benefits, speak to a Social Security law firm for help.
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