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 disability review?
What is Disability Planning Law?
What is a self-settled trust?
What is a health care proxy?
Who should I name as the trustee of my Special Needs Trust?
What is a private disability insurance policy?
What is the Social Security Administration's appeals process?
What is a life care plan?
How does the Social Security Administration assess disability?
What is a trusted advisor?

Related Blog Posts

Explaining the Basics of Disability Planning Law - July 31, 2023
Preparing 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