What is Supplemental Security Income (SSI) and How Does It Work?

Definition & Meaning

Supplemental Security Income (SSI) is a federal program that provides financial assistance to individuals who are aged, blind, or disabled and have limited income and resources. Funded through general tax revenues rather than Social Security taxes, SSI aims to help recipients meet their basic needs for food, clothing, and shelter. The maximum federal benefit amount is adjusted annually, with the rate for individuals and couples varying based on specific criteria.

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Real-world examples

Here are a couple of examples of abatement:

Example 1: A 70-year-old individual with no income and limited savings applies for SSI and qualifies for the maximum federal benefit to cover basic living expenses.

Example 2: A person with a visual impairment applies for SSI and receives assistance to help pay for housing and food costs (hypothetical example).

State-by-state differences

Examples of state differences (not exhaustive):

State Supplement Amount
California Higher state supplement available
Alabama No state supplement
New York Additional state supplement provided

This is not a complete list. State laws vary, and users should consult local rules for specific guidance.

Comparison with related terms

Term Definition Key Differences
Social Security Disability Insurance (SSDI) Insurance program for individuals with disabilities who have paid into Social Security. SSDI requires work history; SSI does not.
Temporary Assistance for Needy Families (TANF) Federal assistance program for low-income families with children. TANF is time-limited and focused on families, while SSI is for individuals with disabilities or age-related needs.

What to do if this term applies to you

If you believe you may qualify for SSI, start by gathering documentation of your income, resources, and medical conditions. You can apply online through the Social Security Administration's website or visit your local office. Consider using resources like US Legal Forms for assistance with the application process. If your situation is complex or you face challenges, consulting a legal professional may be beneficial.

Quick facts

Attribute Details
Eligibility Aged 65+, blind, or disabled with limited income
Maximum Federal Benefit (2023) $914 for individuals, $1,371 for couples
Funding Source General tax revenues
Application Process Online or in-person at SSA offices

Key takeaways

Frequently asked questions

SSI is a needs-based program for individuals with limited income, while SSDI is an insurance program for those who have worked and paid Social Security taxes.