Understanding SSI and SSDI Programs
When it comes to receiving benefits through the Social Security disability system, it can be confusing to understand the differences between SSI and SSDI programs in Oklahoma. While both are designed to provide financial assistance to people with disabilities, they are two separate programs with different eligibility requirements.
Supplemental Security Income (SSI) is a form of welfare that is based on income. To qualify for SSI benefits, you must meet medical requirements and have limited income and resources. The program takes into account any income you receive from work, investments, and other sources to determine your eligibility. If you do qualify for SSI benefits, the amount you receive is capped at around $900 per month, and it is adjusted annually.
Social Security Disability Insurance (SSDI) is a program that is based on your work history and earning record. To be eligible for SSDI benefits, you must have worked and paid Social Security taxes for a certain number of years. If you become disabled and are unable to work, you can apply for SSDI benefits. The amount of your monthly benefit is based on your earning record and varies from person to person.
The Benefits of SSDI
One of the main benefits of SSDI is that it is not based on income. This means that even if you have substantial assets or other sources of income, you may still be eligible for SSDI benefits if you have a qualifying disability. Additionally, SSDI benefits can continue until you reach retirement age, at which point they will convert into retirement benefits. This can provide a sense of financial security for people who are unable to work due to a disability.
Another advantage of SSDI is that it provides access to Medicare after a waiting period of two years. This can be especially beneficial for people with disabilities who require ongoing medical treatment and care. Medicare can cover a wide range of healthcare costs, including doctor visits, hospital stays, and prescription drugs.
Get Help Navigating the Disability System
If you are considering applying for disability benefits, it’s important to understand the differences between SSI and SSDI programs. Depending on your situation, one program may be a better fit for you than the other.
Contact us today to speak with a social security attorney in Tahlequah. Reach out to us at tahlequahattorney.com.
