Can You Receive Ssi and Social Security Retirement at the Same Time
While you've probable heard of Social Security (SSA) payments and may be slightly familiar with some of their core principles, there's a separate program called Supplemental Security Income (SSI) that provides assistance to certain U.Southward. citizens and can sound quite like. While the same government agency — the U.S. Social Security Administration — runs both programs, SSI is different from Social Security in a number of central means. We'll have y'all through an overview of what SSI is, who qualifies and how it differs from Social Security in general to aid you better understand this fiscal program.
What Is SSI?
SSI is a need-based authorities program that provides financial assistance to elderly, disabled and blind citizens who have limited incomes or few financial assets. It's a sort of authorities prophylactic internet that's accessible to people who are unable to work because of their age or because they live with a disability. Children who are bullheaded or who have disabilities can also receive SSI.
In many states, people who qualify for SSI benefits are also eligible for Medicaid — a land-run healthcare program designed for people with low income levels — to help pay for healthcare-related costs. They also generally authorize for food assistance. In some states, an application for SSI also automatically serves equally an application for food benefits and for Social Security.
In addition to the money that SSI recipients receive from the federal authorities, virtually tin can besides collect additional coin from their states as supplemental income. Exactly how much actress money states add together onto federal SSI benefits varies from state to country. There are fifty-fifty a few states that offer no extra money at all.
Equally mentioned, while SSI and Social Security are different programs, it's possible to be eligible for both. Let's take a look at exactly how the 2 programs are akin and the means in which they differ.
Social Security benefits differ from SSI because they largely depend on work history. Recipients get eligible for Social Security benefits by paying Social Security taxes, which are normally taken from their paychecks, for a certain length of time. The money workers pay into Social Security is sort of similar a government-sponsored retirement account, except that information technology'due south a "pay as you go" organization. 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 do with work history. They can be administered to recipients who accept never worked at all and haven't paid Social Security taxes. Whether or not someone qualifies to receive SSI benefits is based on other factors, such equally having express income and an inability to work. People who did work enough to get Social Security benefits, but who receive very low payments, may also be eligible for SSI. If this is the example, they may qualify to collect from both programs.
Some other principal difference between Social Security and SSI is that they're funded in unlike ways. The money that recipients go from Social Security benefits comes from taxes that they and other workers have paid via payroll taxes. This ways coin was withheld from their paychecks while they were working, and it funded Social Security. The money that SSI recipients go, even so, comes from the U.S. Treasury's full general funds, which consist of coin collected from personal income, corporate and other types of taxes.
Who Qualifies for SSI?
As SSI is a needs-based plan, people must meet certain eligibility requirements to be canonical to receive SSI benefits. In lodge to qualify, you must:
- Be either totally or partially bullheaded, be at least 65 years old or accept a medical condition that makes you ineligible to work and that'due south also expected to last at to the lowest degree a year or result in death
- Have limited income or resources (qualifications for "limited income" vary from country to state)
- Be a U.S. citizen or national or a qualified conflicting
- Currently reside in ane of the 50 states, the District of Columbia or the Northern Mariana Islands
- Not exist absent-minded from the United States for more 30 consecutive days
There are, all the same, different rules for children nether 18 who may qualify for SSI benefits. In society for a child'due south family unit to qualify, the kid must:
- Not exist working or earning more than $2,190 per month (in 2021) if they are blind
- Not be working or earning more than than $1,310 per month (in 2021) if they are not blind
- Have a medical condition or conditions that outcome in "marked and severe functional limitations" and severely limit the child'south activities
- Have a condition(south) that has disabled them or is expected to keep disabling them for at least 12 months or that is expected to result in expiry
In add-on to these conditions, SSI takes into consideration both the income and resources of the child and whatever family unit members they live with. If the kid'due south medical handling is covered by health insurance and they're in a medical facility, SSI benefits may also be express.
How to Apply for SSI Benefits
If you desire to apply for SSI benefits, you can now complete a large part of the process online. If yous'd rather apply in person, you tin can ready an appointment past calling ane-800-772-1213. Parents are allowed to apply on behalf of children with disabilities who are under age 18. In some instances, tertiary parties may fifty-fifty exist able to assistance with a kid's application.
There will be some items that you'll desire to make certain y'all take on hand during the application procedure. If there'south any information you can't provide, your local Social Security function can usually help yous. You will need:
- Your Social Security card or other proof of your Social Security number
- Your birth certificate or another certificate that proves your age
- Information about your living situation, such as your mortgage, lease or rental information as well every bit your landlord's name
- Documents that prove proof of your financial situation, including payroll slips, insurance policies, depository financial institution books and information near all of your assets
- Contact information for the doctors, hospitals or clinics from which you receive treatment (if yous accept a disability)
- Proof of your citizenship condition
- Either your checkbook or your banking concern or credit union account numbers so you can receive your payments via direct deposit if approved
If you lot're applying because you accept a inability, y'all can apply for both SSI and Social Security Disability Insurance online at the same fourth dimension if:
- You lot're between eighteen and 65 years erstwhile.
- You've never been married.
- You're a U.S. citizen and live in one of the 50 states, the District of Columbia or the Northern Mariana Islands.
- Yous've never applied for or received SSI payments before.
For more information, visit the Social Security Administration's disability information folio or call 1-800-772-1213 to fix either an in-person or telephone appointment. Blind people or people with disabilities who are able to work may also exist eligible for admission to free programs and training to assist with job searches. For more data virtually 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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