Critical Difference Between SSI and SSDI

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Understanding various social security benefits and programs can be challenging for applicants.  Many people are generally confused between supplemental security income SSI and Social Security disability insurance. A disability attorney can help you understand the difference between them and decide which disability insurance companies are suitable for your case. 

SSI and SSDI are financial programs to assist people by the federal government. The Social Security Administration SSA manages it. There are certain similarities between the two programs, but they are distinct programs with varying eligibility criteria, benefits, and findings. 

SSI

Social Security income is a type of program which helps blind or disabled Americans with a significantly low income. It also provides financial help to residents that are above the age of 65. 

  • Eligibility

Anyone can do the application process. However, the eligibility criteria for approval require the applicant to be affected with blindness, disability, or over 65. Along with that, the applicant must have less income and restricted sources of finance. The applicant must be a resident of the United States and must not remain outside the United States for 30 days consecutively. He or she must not be admitted to a hospital and subjected to institutionalization or incarceration. The applicant must have finances below $2000 for qualifying Social Security income benefits. Residential Properties and vehicles are exempt from this limitation. Individuals who have a monthly income below $1767 are eligible for it. 

This program is funded by the United States treasury and administered by the Social Security Administration. 

SSD

Social Security disability insurance is a type of insurance that includes the payment to people dealing with disability and their dependents. 

  • Eligibility

The qualifications for SSDI include recent work credits and proof of disability. It must be established that the affected individual has worked for a significant period and has gained half of the work credits within the last decade. The work credits are more for older individuals and lesser for younger disabled people. 

The payments of Social Security disability insurance are determined through Social Security credits. The payment of Social Security tax gains these credits. 

It must be established that the disability limits the applicant to continue working for a year at least or till their death. Along with that, the applicant’s disability must meet the disabilities listed in the records of the Social Security Administration. The applicant must be below the age of retirement. 

Social Security taxes fund the SSD insurance.  The receivers of SSDI payments must submit their income reports to the Social Security Administration.