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