What is the difference between Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI)?
Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) are two different disability income benefit programs administered by the Social Security Administration (SSA) in the state of Florida. SSDI is funded by Social Security taxes paid by employees and their employers, while SSI is funded by general taxes. SSDI is designed to provide income to individuals who are unable to work due to a disability. To be eligible for SSDI, a person must have worked for a long enough period of time and have paid into Social Security. Additionally, the disability must be expected to last at least 12 months. SSI is a needs-based program that provides a monthly income to people who are disabled and have limited resources. To be eligible, an individual must meet income and resource requirements, as set by the SSA. SSI does not require any prior work history or contributions to Social Security. The main difference between SSDI and SSI is the source of funding. SSDI is funded by Social Security taxes, while SSI is funded by general taxes. Additionally, SSDI requires a prior work history and contributions to be eligible, while SSI does not. Both programs provide income to individuals who are unable to work due to a disability.
Related FAQs
What is a long-term disability insurance policy?What is a Durable Power of Attorney?
How does the Social Security Administration (SSA) determine disability?
What is a testamentary trust?
How will my income affect my disability benefits?
What is a pooled income trust?
What is a living will?
What is Medicaid planning?
What is an irrevocable trust?
Can I receive disability benefits if I am already receiving Social Security Income?
Related Blog Posts
Explaining the Basics of Disability Planning Law - July 31, 2023Preparing a Comprehensive Estate Plan with Disability Planning Law in Mind - August 7, 2023
Creating an Estate Plan to Provide Financial Security for Individuals with Disabilities - August 14, 2023
Important Considerations When Drafting a Disability Planning Document - August 21, 2023
The Advantages of Working with a Disability Planning Lawyer - August 28, 2023