The primary difference between Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) is that SSDI is designed for people who have worked and paid into the system for the benefits, where as SSI is designed for those who have not earned adequate work credits for SSDI qualification. Schaumburg disability benefits come with varying eligibility requirements that you should know about when applying for benefits. The following will cover the basics of SSI and SSDI.
How SSDI Works
Funding for Social Security Disability Insurance comes from your payroll taxes. It’s like paying for insurance in case you become unable to work or work in the same role due to illness, injury, or accident. Work credits are accumulated when you have a job and pay into this system. In order to receive SSDI benefits you have to accumulate ample work credits and be younger than 65 years old.
You will see the funding under the FICA section of your paystub. If you are self-employed, you pay into the system as required to earn your work credits. Something many people do not know is that after a person receives SSDI for two years, they are eligible for Medicare coverage. SSDI also covers partial payments to dependents and spouses which are known as auxiliary benefits.
How SSI Works
SSI, Supplemental Security Income is offered on the basis of need as opposed to earning work credits. It is strictly regulated and is based on the assets and income of the disabled person or their caregivers. It is funded through a general tax fund that taxpayers pay in for the program. The basic requirements needed to obtain SSI are that you have less than $3,000 for a couple or $2,000 for an individual in assets and a strictly limited income.
Those who qualify for SSI benefits usually qualify for Medicaid in their state of residence as well for medical coverage. Most SSI recipients also qualify for other aid like food stamps. The amount of the benefits a disabled person receives is determined by where they live and their income and assets (if any).
These are the important aspects of SSI and SSDI you need to understand before filing for benefits. You can appeal a denial by the Social Security Administration for disability benefits, but you should consult with an attorney first. Nash Disability Law of Thomas Nash firm offers free disability benefits consultations.