Social Security Administration (SSA) and Supplemental Security Income (SSI) are separate programs that benefit eligible individuals. However, the two programs have different requirements and serve different purposes. Understanding the differences can help you decide which program suits your needs.
What's The Difference Between SSI And SSA?
Although SSI and SSA benefit those who qualify, the two programs have some major differences. SSA benefits depend on the amount of Social Security taxes you have paid over the years, while SSI benefits are based on income and resources. SSA benefits are paid monthly, while SSI benefits are paid lump sums.
SSA benefits are not means-tested, meaning that recipients receive the same amount regardless of their income or resources, while SSI benefits are means-tested, and the amount received depends on income and resources. Additionally, SSI benefits are not taxable, while SSA benefits are taxable. Furthermore, SSA benefits are not available to individuals under 18, while SSI benefits are available to those under 18 who qualify.
The Social Security Administration (SSA) is a federal agency that administers social security programs, including retirement, disability, and survivor benefits. The SSA is responsible for determining eligibility for benefits and providing payments to those who qualify.
Who Is Eligible For SSA Benefits?
To qualify for SSA benefits, you must meet certain criteria. Generally, you must have paid into the Social Security system through your payroll taxes, be at least 62 years old, or have a disability. Additionally, certain family members may be eligible for benefits.
What Is Supplemental Security Income (SSI)?
Supplemental Security Income (SSI) is a program that provides financial assistance to individuals who are elderly, blind, or disabled and have limited income and resources. SSI is funded by general taxes and not by Social Security taxes.
Who Is Eligible For SSI Benefits?
To qualify for SSI benefits, you must meet certain criteria. Generally, you must be a U.S. citizen, be 65 or older, or be blind or disabled. Additionally, you must have limited income and resources.
How Do I Apply For Benefits?
If you think you may qualify for SSI or SSA benefits, the best thing to do is to fill out an application. You can find the application forms for each program on the Social Security Administration's website. Additionally, you can contact your local Social Security office for more information.
Key Points For What's The Difference Between SSI And SSA
Social Security Administration (SSA) and Supplemental Security Income (SSI) are separate programs that benefit eligible individuals. Understanding the differences can help you decide which program suits your needs. If you think you may qualify for either program, you can find the application forms on the Social Security Administration's website or contact your local Social Security office.
Check out our page if you want to learn more about Substantial Gainful Activity (SGA) and it's relation to SSA.
If you are interested in more articles like this, here’s one about how to apply for social security disability insurance (SSDI) online.
