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 both disability programs administered by the federal government. Both programs provide essential financial support to individuals with disabilities as defined under the law. SSDI is a form of insurance available to those who have paid into the Social Security system for a certain number of years, with the number varying by age. It provides financial assistance to individuals who meet the Social Security Administration’s definition of disability. On the other hand, SSI is an assistance program designed to help individuals with disabilities and limited financial resources. In Rhode Island, this program is usually limited to individuals who are over the age of 65 or are blind or disabled adults under the age of 65. The main difference between SSDI and SSI is in their sources of funding. SSDI is funded through the Social Security payroll taxes and is designed to provide financial support to those who are unable to work due to a disability. SSI is funded through general tax revenue and is intended to supplement the limited financial resources of those in need. Another important difference is the application process. SSDI is a more complex process requiring medical, financial, and work history documentation. On the other hand, SSI is a simpler process that only requires proof of disability and proof of limited income and assets.

Related FAQs

What is a special needs trust?
What is a private disability insurance policy?
What is a Special Needs Trust?
What is the difference between a guardianship and a conservatorship?
Is there a time limit for filing a disability claim?
What is a Letter of Intent?
What is a HIPP program?
What is a discretionary trust?
What is an irrevocable trust?
What can a Durable Power of Attorney do?

What is the difference between Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI)?

Related FAQs

Related Blog Posts