What are SSI benefits based on?

What are SSI benefits based on?

Unlike Social Security benefits, SSI benefits are not based on your prior work or a family member’s prior work. SSI is financed by general funds of the U.S. Treasury–personal income taxes, corporate and other taxes.

What are the rules for SSI?

To qualify for SSI, you must have limited income and few assets. Social Security requires SSI recipients to have less than $2,000 in assets, for a single person, and $3,000 for a couple (not counting money in an ABLE account).

Which states offer supplemental benefits to federal SSI?

States That Offer Either SSI Supplemental Benefits or Other Financial Aid for Residents. Alabama. Alaska. Arkansas. Colorado. Connecticut (individuals: $842/month; couples: $1,285/month) Florida. Georgia. Idaho. Illinois. Indiana.

Who is eligible for Supplemental Security Income (SSI)?

Those eligible for SSI include those who are aged 65 or older. Those who are disabled and have limited resources or income also qualify. Suffering from blindness as recognized by the Social Security Administration (SSA) is also enough to qualify you for Supplemental Security Income (SSI).

Can I get SSI benefits?

Supplemental Security Income (SSI) Benefits The Supplemental Security Income (SSI) program provides monthly payments to adults and children with a disability or blindness and who have income and resources below specified amounts. SSI payments can also be made to people 65 and older without disabilities who meet the financial limits.

What is supplemental SS income?

Supplemental Security Income ( SSI ) Supplemental Security Income, or SSI, is a form of Social Security Disability benefit which is paid out based upon your inability to work and your financial needs. SSI differs from Social Security Disability Insurance (SSDI), which is based upon your work history and the amount you have paid into…