Differences between SSI and SSDI
Both Supplemental Security Income (SSI) and Social Security Disability Income (SSDI) can help those with disabilities support themselves and their families, cover the cost of living and the necessities of life, and pay medical expenses, but they are distinct government programs. Understanding how SSI and SSDI differ from one another can provide you with the information you need to better understand your own unique situation. Discuss your concerns with an experienced Pennsylvania estate planning attorney today.
SSI
Supplemental Security Income is a federal program that is need based, which means it’s designed to help those who have both limited income and limited resources. Eligibility for SSI isn’t based on the recipient’s work history but is, instead, calculated in accordance with the individual’s financial needs overall.
SSI Asset Limits
It’s important to know that strict SSI asset limits apply. Assets in this context don’t refer to your income but, instead, relate to the things of value that you own, such as:
- Cash accounts
- Real estate
- Vehicles
- Various valuables
The set limits for SSI are low, which makes qualifying challenging, but there are certain assets that aren’t addressed in the calculation process, including:
- The property that you own and live in as your primary residence
- One vehicle that you use for transportation
- Your household goods and personal possessions
- Burial plots and funds – up to a specific value – for yourself and your family members
- Small life insurance policies
- A trade, business, or employment-related property that belongs to you or your spouse
- Money that you’ve set aside for what is known as a Plan to Achieve Self-Support (PASS)
SSDI
Social Security Disability Insurance is a federal insurance program, and eligibility is determined according to the applicant’s work history and the amount of Social Security taxes they paid over their lifetime. To qualify, the individual must have both a disability – or blindness – and the requisite amount of work history. Recipients need a specific number of work credits, which are based on annual wages or on income from self-employment.
Differences and Similarities
To qualify for either program, you need to meet the medical criteria for a disability. This is virtually the same for both, and it includes having a condition that seriously limits your ability to work for at least 12 months – or for what is expected to last at least 12 months – or having an illness that is terminal.
SSI
The SSI benefit rate varies by year, and the State of Pennsylvania also offers a supplementary payment program. The overall amount received can be directly affected by household income, living arrangements, and other variables. Medicaid and Supplemental Nutrition Assistance Program (SNAP) may also be available.
SSDI
After a 24-month qualifying period, recipients of SSDI may also be eligible for Medicare.
Reach Out to an Experienced Pennsylvania Estate Planning Attorney Today
Obtaining the government benefits that you’re entitled to is a challenging process, but the compassionate Pennsylvania estate planning attorneys at Mette Attorneys at Law have the experience, legal skill, and commitment to help. Your claim is important to your future, so please don’t wait to contact us online or call us at 717-231-5219 in Harrisburg or at 215-355-7260 in Trevose for more information today.