Difference Between SSI and SSDI Benefits

 INTRODUCTION TO “SSI & SSDI”

SSI, commonly known as “Supplement Security Income” is a state government program that is administered by Social Security.  The main object of this program is to provide general assistance & support to those who are not able to work due to different sorts of disabilities. People who have limited income and very less source of income come under this. In order to get the benefit of this scheme, one must qualify the standard sets. Disabled, blind, or age 65 or older moreover, blind or disabled children may also get SSI.

ssi benefits check

SSDI commonly known as “Social Security Disability Insurance”, this is also one of the programs by the federal government that are designed to provide Social Security retirement benefits early to those who become disabled. One can apply for Social Security Disability Income if he/she is having enough work credits that must be based on taxable employment to be covered for Social Security purposes. The blind or disabled worker, an adult with a disability since birth or childhood can apply for Social Security Disability Insurance benefits.

DIFFERENCE BETWEEN SSI & SSDI

Well, both Supplement Security Income and Social Security Disability Insurance federal programs are created to allow people receive the cash payments if they are disabled. However, both programs serve the same purpose but still there are some differences that we need to be aware of before we apply for SSI or SSDI.

  • In Social Security Disability Insurance, the applicant must be fully insured and currently insured whereas in the case of Supplement Security Income, individuals can take advantage of it even if they are not insured for Social Security Disability.
  • When it comes to financial requirements then these programs are vastly different. Supplement Security Income is a Means-Tested Program; on the other hand, Social Security Disability Insurance is an Entitlement Program.
  • SSI is designed for elderly, blind and disabled individuals or those who would have a hard time paying for food and shelter whereas SSDI is available to persons who has paid into the Social Security system for the period of at least ten years, despite his current income and assets.
  • Under SSI, an individual can immediately qualify for Medicaid benefits, which are the best healthcare program and offers comprehensive coverage for its beneficiaries; on the other hand, SSDI provides access to Medicare two years after they are deemed eligible for SSDI benefits.
  • As if taking about financing then SSDI is funded by the Social Security taxes paid by workers, employers and self-employed people where as SSI, is financed by general revenues that the Treasury Department collects to run the U.S. government.

KNOW ABOUT PAYMENT AMOUNTS OF SSI & SSDI

The amount of money provided for benefits by the federal program under Supplement Security Income and Social Security Disability Insurance varies.  According to federal and state government, in 2016 the payment standard for SSI is $733 per month for an individual and $ 1,100 for an eligible individual with an eligible spouse on the other hand for SSDI it was $ 1,166 a month. Moreover, one must take care that if he/she has received Social Security Disability Insurance benefits higher than Supplement Security Income payment, then they are not eligible for Supplement Security Income.

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