How Do Income Limits Differ Between SSI and SSDI?

When the notion of applying for disability comes to mind, many may be misinformed and believe that there is one way to do so. In actuality, the Social Security Administration (SSA) has divvied up the approach of application between two different institutions: Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). While both programs can help you obtain highly needed benefits, it is important to clarify the differentiations between the two to determine which would be the best avenue to utilize in obtaining said benefits. Based on level of income and assets, a candidate may be more qualified for one program than the other. Applying through the wrong disability benefits program may result in being declined the benefits that you may actually qualify for. To further help distinguish the differences, obtaining the assistance of an SSDI lawyer in Cleveland or Social Security lawyer in Cleveland can smooth out any confusions.
1. SSDI differentiation
Social Security Disability Insurance is best for those who have become injured on the job or have developed a debilitating condition from a young age and are in need of benefits. Allowing Social Security benefits to kick in early, this program is great for the disabled who aren’t quite eligible for retirement. With SSDI, how much money a candidate makes does not matter nor have an effect on their eligibility. Thanks to the taxes paid to Federal Insurance Contributions Act (FICA) while on the job, this makes it possible for such a factor to be overlooked. Even so, having a minimum amount of working credits is required.
2. SSI differentiation
If you’ve put in the work and are an individual of a certain age, Supplemental Security Income is probably your best chance at obtaining benefits. Even still, income is a huge factor in eligibility. In order to qualify, one has to have an income below the listed SSI levels stated. It is important to acknowledge that these levels differ from state to state. In addition, supplying documentation that supports financial means such as mortgage, banking statements, etc. will be expected and requested of applicants. After being given access for benefits through SSI, financial records will be reviewed on a yearly basis.