SSI Versus SSDI: How To Qualify For Both Worth $861?

Millions of disabled Americans may be eligible for both Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI).

Both Social Security programmes, SSI and SSDI, have received an increase this year as a result of the cost-of-living adjustment (COLA) rising to 5.9 percent earlier this year.

As each programme is run by the Social Security Administration (SSA), it's important to understand the differences before applying.

While both SSI and SSDI seek to assist persons with impairments, the eligibility conditions differ.

The differences

Individuals must have more than $2,000 in assets to qualify for SSI, while couples can have up to $3,000.

The SSI income limit is more complicated, but it is normally the same as the monthly maximum payout.

According to the SSA, grants, scholarships, loans, money gifts, income tax refunds, and food stamps, among other things, do not constitute as income for SSI.

The monthly earnings limit for SSDI is $1,350 for most claimants, but it is increased to $2,260 if a beneficiary is blind.

As long as you meet the conditions for both SSI and SSDI, you may be eligible for both.

What are the total benefits?

This year's average SSI benefit is $621 per month, a $34 rise from 2021. This amounts to $7,452 each year.