7. SSI vs. SSD
x-->y (SSD)
Contribution--> social insurance
x-->y SSI
Means tested--> public assistance
How is SSD funded?
Payroll taxes
What does SSD do?
Pays monthly benefits to a person if they become disabled before they reach retirement age and aren't able to work
SSI vs. SSDI whats the difference?
SSI- Based on income, is restricted by assets (is selective) SSDI- Any person who has earned work credits, is payed into through social security
What does SSD stand for?
Social security disability insurance
What does SSI stand for?
Supplemental security income
Whats the purpose of SSI?
To eliminate the differences between the states including different disability standards and income and resource requirements
What is SSD sometimes known as?
Workers disability
What is SSI?
mean tested welfare program, provides cash assistance and/or health coverage to low income/ low asset people who are elderly, blind, or disabled -dont have to work
What act is SSI apart of?
social security amendment of 1972
How is SSD earned?
working