Difference Between Social Security Disability And SSI

| In 2001 the Center for Medicare and Medicaid took charge of the Health Care Financing Administration. A person can go on with SSI for 2 years if he/she fails to meet the requirements for Medicare for the time being. The person should be eligible for Social Security Disability in this case. For some particular disease Medicare may be offered without any delay

Individuals or couples who are ineligible for SSI due to excess countable income, may still qualify for SSP-only benefits from the State. Office of Temporary and Disability Assistance will determine SSP eligibility, the State Living Arrangement category, and benefit amounts afforded to claimants. However, claimants who receive SSI will receive the full SSP benefit based on their living arrangement category. SSP payments are made on the first of each month in the same manner the claimant receives their federal SSI benefit. Recipients will receive two checks, one from the Social Security Administration and one from New York State. Any changes that are required to be reported by SSI recipients can be made to the Social Security Administration, which will relay the information to New York State. However, claimants who only receive SSP benefits must report all changes directly to New York

The recent troubles of the Social Security Administration (SSA) along with the dismal education and employment outcomes of children with disabilities on SSI have propelled policy makers to find creative solutions to save money and slow dependence on SSI. The push for greater independence and self-sufficiency of SSI recipients have always been recognized; however, has never been more critical. In recent years, one of the largest recipients of SSI benefits are teenagers. According to the SSA 2013 Statistical Report, children 18 years and under accounted for 1.3 million SSI recipients and since 2000 has grown by approximately

Secondly, to be eligible for SSDI, as previously mentioned, you must be disabled and you must be unable to engage in substantial gainful activity for 12 months and have earned sufficient credits based on taxable work to be "insured" for Social Security purposes. Credits are earned by the number of years you work and you can earn up to a maximum of four work credits each year. A credit sometimes referred to as a “quarter of coverage” (the legal term) is the measure of a person's work under the Social Security program. Your total covered yearly earnings are used to figure Social Security credits for both wages and net earnings from self-employment. The amount needed for a credit increases automatically each year that average wages increase. For this year, 2011, you usually receive one credit for each $1,120 or your earnings and generally 40 credits are needed to be eligible for benefits. There is no minimum age as long as you meet the very strict Social Security definition of disability; however, to qualify for disability benefits you must have worked long and recently enough under Social Security to earn the required number of work credits. Furthermore, worse case situation you happen to die and certain members of your family may be eligible for survivors' benefits if you had worked, paid Social Security taxes, and earned enough credits. At the time of your death, the number of credits

When people pay into social security eighty-five percent of each dollar is designated for and put into a trust fund for the use of retirees and their families, while the other fifteen percent goes into a trust fund that benefits people with disabilities and their families. The benefits that you would receive tend to reflect how much income that you have earned, so that if you have earned a higher income over the course of your life you may be eligible for more benefits and vice versa a person who earned lower income throughout their life. However in order to be eligible to qualify for social security you will need to into it. Most of the time people will need a total of forty credits to qualify and a credit is equivalent to $1,260 as of 2016 and you can only receive up to four credits a year. Therefore it takes about ten years for most people to qualify for social security (Social Security Administration, 2016). So, Social security has to be earned throughout a person life time in that they need to pay into it for a minimum of ten years as a retiree and less if you get disabled, and thus continuing the cycle of social security for the next

In 1957, the national Disability Insurance program was established. The fund provided cash benefits to workers over age 50 who become totally and permanently disabled. In 1965, Medicare was introduced, providing medical benefits for those over 65, thus creating another social security fund to finance. In 1974 the Social Security Administration established the federal Supplemental Security Income program, which took over responsibility from state-administrated programs for providing and to the blind, the disabled, and the indigent aged.

(c) SSP Program. An individual or couple eligible for SSI is eligible for an SSP in accordance with the following:

The disability coverage allows people who have paid into the Social Security program to receive money to offset the loss of income due to an inability to work. Medicare is a national health insurance program that covers the elderly and those with disabilities. Finally, the Supplemental Security Income program provides monthly payments to the elderly, as well as adults and children with disabilities that have limited income or

Supplemental Security Income (SSI) is considered one of the largest federal cash assistance aid program in the U.S. The target population for (SSI) is for people that have “limited income” and resources, for those that are blind, disabled child or adult, and those that are 65 and older. The means of funding is from tax revenues and interest on accumulated reserve holdings which is a part of the Treasury securities.

Children as well as adults can get benefits because of blindness and disability. Blind means you are either blind or have very poor eyesight. Disabled means you have a physical or mental problem that keeps you from working and is expected to last a year or to result in death. For a child, Social Security looks at how his or her disability affects everyday life. Individuals' monthly SSI benefit amounts are also affected by their income, resources, and living arrangements. The more income you have, the less your SSI payment will be. If your income is over the allowable limit, you cannot receive SSI. The value of a persons resources (the things they own) determines whether they are eligible for SSI payments. The limit for countable resources is $2000 for an individual, and $3000 for a couple. The living arrangements are important because payments vary depending if you live in your own place such as a house, apartment, or trailer; or in someone else's household; or in an institution.

Social security from the social insurance program and Aid to Families with Dependent Children (AFDC) from the public assistance income maintenance program are two similar but different programs. The programs are similar because they are a form of the income maintenance program. The main goal of this program is to reduce poverty and help families and individuals maintain the standard of living. The program operates in some form of cash transfer from the government to individuals. The federal government is responsible for management and transfer and sometimes the federal and state government would match money for the program. The Social Security program is different from the AFDC because it is a social insurance program. These programs are universal

SSI benefits are paid in an amount equal to the difference between the Standard Payment Allowance and the individual countable income. Countable income is considered to be any identifiable assets “received by the claimant which (1) have met the statutory definition of income, (2) passed by any statutory exclusions from earned income, and (3) passed by any statutory exclusions from unearned income.” Wages received from employment and net earnings from self-employment are considered to be “earned income.” Any other income received is generally determined to be “unearned income”. SSI has limited the countable resources a claimant may have in order to qualify for benefits. Generally, any of the claimant’s “liquid assets, such as money in bank accounts, stocks and bonds, mutual fund investments, and certificates of deposit,” are considered to be countable resources. Claimants with resources that “do not exceed $2,000 for an individual and $3,000 for a couple” are typically eligible for SSI

Social Security Disability has a listing of impairments that must be met by all that apply for disabilities. It is important to understand that the applicants disabilities must meet the listing of impairments as set down by the administration. In fact, all applicants must meet the medical standards that are set by the Social Security Disability Regulations.

Disabled workers who qualify for the Disability program currently total more than nine million Americans. Their average monthly stipend is $1,165 per month, totaling $10.5 billion dollars in benefit money. The dependents of the disabled currently accounts for two million citizens, with an overall cost of $0.7 billion dollars.

The Social Security Act of 1935 provides for unemployment insurance, Old-age, Survivor and Disability insurance or OASDI for short, and means-tested welfare programs all of which were brought about by The Great Depression (Martin, P. & Weaver, D., 2005). Social Security is financed through a specific payroll tax. Both employers and employees pay 6.2% of wages up to the taxable maximum of (2015) $118,500. The breakdown in the OASDI is as follows: OASI = 5.3%, DI = .90%, Total = 6.2% (Retrieved from www.ssa.gov).