Many medically disabled individuals depend on Social Security Disability Income (SSDI) or Supplemental Security Income (SSI) for financial assistance. These two government programs have different qualification requirements, although both are overseen by the Social Security Administration.
SSDI: Benefits as Work Rewards
Social Security Disability Income is funded through taxes that the beneficiary has paid while he was employed. SSDI recipients paid FICA Social Security taxes that contribute to the Social Security Trust Fund. The amount that they receive depends on how many “work credits” they have accumulated before becoming disabled.
Keep in mind that there is a five-month waiting period after you apply for benefits. After two years of receiving assistance, you are also eligible for Medicare. In addition, spouses and children are eligible to receive partial benefits as dependents.
SSI: A Solution for Low-Income Citizens
Supplemental Security Income is a strictly needs-based program intended for people who have less than $2,000 in assets and a limited income. If you are applying with a spouse, you must have less than $3,000 in assets. SSI is funded by general taxes; a person’s work history is not relevant. Recipients are eligible for Medicare as soon as they’re accepted as well as food stamps.
To learn more about the differences between these government programs and the application process, call Law Offices of Betsy H. Alberts.