how to find out what your ssi benefits will be
While you lot've probable heard of Social Security (SSA) payments and may be slightly familiar with some of their core principles, there'due south a separate program chosen Supplemental Security Income (SSI) that provides help to sure U.Southward. citizens and can sound quite similar. While the same regime agency — the U.S. Social Security Administration — runs both programs, SSI is different from Social Security in a number of primal ways. We'll take you lot through an overview of what SSI is, who qualifies and how it differs from Social Security in general to assistance you better understand this financial program.
What Is SSI?
SSI is a need-based government program that provides financial assistance to elderly, disabled and blind citizens who have limited incomes or few financial assets. It's a sort of government rubber net that's attainable to people who are unable to piece of work because of their age or because they live with a disability. Children who are bullheaded or who have disabilities can too receive SSI.
In many states, people who qualify for SSI benefits are too eligible for Medicaid — a state-run healthcare plan designed for people with low income levels — to help pay for healthcare-related costs. They also more often than not qualify for food assistance. In some states, an application for SSI besides automatically serves every bit an awarding for food benefits and for Social Security.
In addition to the coin that SSI recipients receive from the federal authorities, most tin also collect additional money from their states as supplemental income. Exactly how much actress money states add onto federal SSI benefits varies from land to state. There are even a few states that offering no extra money at all.
As mentioned, while SSI and Social Security are different programs, it's possible to be eligible for both. Permit's take a look at exactly how the 2 programs are akin and the ways in which they differ.
How Does SSI Differ From Social Security?
Social Security benefits differ from SSI considering they largely depend on work history. Recipients become eligible for Social Security benefits past paying Social Security taxes, which are usually taken from their paychecks, for a certain length of time. The money workers pay into Social Security is sort of similar a regime-sponsored retirement account, except that it'due south a "pay equally yous go" organisation. This means that people who are working today fund Social Security payments that eligible recipients receive today.
SSI benefits, on the other hand, have nothing to practice with work history. They can be administered to recipients who accept never worked at all and haven't paid Social Security taxes. Whether or non someone qualifies to receive SSI benefits is based on other factors, such equally having express income and an disability to work. People who did work enough to go Social Security benefits, but who receive very low payments, may also be eligible for SSI. If this is the instance, they may qualify to collect from both programs.
Some other chief deviation between Social Security and SSI is that they're funded in dissimilar ways. The money that recipients get from Social Security benefits comes from taxes that they and other workers have paid via payroll taxes. This means money was withheld from their paychecks while they were working, and it funded Social Security. The money that SSI recipients get, notwithstanding, comes from the U.South. Treasury's general funds, which consist of money collected from personal income, corporate and other types of taxes.
Who Qualifies for SSI?
Equally SSI is a needs-based programme, people must meet certain eligibility requirements to be canonical to receive SSI benefits. In order to qualify, y'all must:
- Be either totally or partially blind, exist at least 65 years onetime or take a medical condition that makes you ineligible to work and that's also expected to last at least a year or result in expiry
- Have express income or resources (qualifications for "limited income" vary from state to state)
- Be a U.S. citizen or national or a qualified alien
- Currently reside in one of the 50 states, the District of Columbia or the Northern Mariana Islands
- Not be absent from the Usa for more than than xxx sequent days
There are, however, different rules for children nether xviii who may qualify for SSI benefits. In order for a kid'due south family to qualify, the child must:
- Non be working or earning more than than $2,190 per month (in 2021) if they are bullheaded
- Not exist working or earning more than $1,310 per month (in 2021) if they are not bullheaded
- Have a medical condition or conditions that result in "marked and severe functional limitations" and severely limit the child's activities
- Have a condition(due south) that has disabled them or is expected to keep disabling them for at to the lowest degree 12 months or that is expected to result in death
In addition to these weather condition, SSI takes into consideration both the income and resources of the child and any family members they live with. If the child's medical treatment is covered by wellness insurance and they're in a medical facility, SSI benefits may also be limited.
How to Apply for SSI Benefits
If you lot want to apply for SSI benefits, y'all can now complete a large part of the procedure online. If you lot'd rather utilise in person, y'all can set up an appointment by calling 1-800-772-1213. Parents are allowed to utilize on behalf of children with disabilities who are under age 18. In some instances, tertiary parties may even exist able to assistance with a child'due south application.
There will exist some items that you'll want to make sure yous have on hand during the application process. If in that location'southward any information you can't provide, your local Social Security role can normally assist you. Y'all will need:
- Your Social Security carte or other proof of your Social Security number
- Your birth document or another document that proves your age
- Data nigh your living situation, such as your mortgage, lease or rental data too equally your landlord's name
- Documents that show proof of your financial situation, including payroll slips, insurance policies, bank books and data nigh all of your avails
- Contact information for the doctors, hospitals or clinics from which you lot receive treatment (if yous have a disability)
- Proof of your citizenship status
- Either your checkbook or your bank or credit marriage account numbers then you can receive your payments via direct deposit if approved
If you're applying because y'all have a disability, you lot can employ for both SSI and Social Security Disability Insurance online at the same time if:
- Yous're between xviii and 65 years old.
- You've never been married.
- You're a U.S. denizen and live in one of the 50 states, the Commune of Columbia or the Northern Mariana Islands.
- You've never practical for or received SSI payments before.
For more than information, visit the Social Security Administration'due south disability information page or telephone call 1-800-772-1213 to set upwards either an in-person or telephone date. Blind people or people with disabilities who are able to piece of work may besides be eligible for admission to costless programs and training to help with job searches. For more information about SSI and related programs, visit the Social Security Assistants website.
Source: https://www.reference.com/business-finance/ssi-supplemental-security-income-basics?utm_content=params%3Ao%3D740005%26ad%3DdirN%26qo%3DserpIndex
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