Supplemental Security Income (SSI)
What is Supplemental Security Income (SSI)?
SSI is a government program designed to help older, blind and/or disabled individuals, as well as children with disabilities, who have little or no income and cannot work. It is meant to offer assistance for basic needs – food, shelter and clothing.
It follows the same standards in terms of whether a person is disabled as Social Security Disability. However, this program is funded by federal tax revenue, not Social Security taxes.
Qualifying for SSI
You may have an income and still qualify for SSI benefits, but there are limits to how much you can make. These income limitations vary depending on your age, marital status and the source of your income. The financial criteria allow for one house that you live in and one car. Beyond that, you’re limited to $2000 ($3000 for couples) in assets, including:
- Cash, on hand or in the bank
- Land or real property (other than the exception for one house)
- Retirement accounts
- Life insurance
- Any other assets that could be converted to cash and used for food or shelter
Let Shifrin, Newman, Smith, Inc. Help You Qualify
The qualifications and application process can be complicated and confusing. We can help you determine what benefits for which you may be eligible, fill out and submit the appropriate applications, and help you appeal any denials of benefits. For a free consultation, contact us online or call us at 877-351-2086.