Like many Mississippi residents, you may have heard about recent changes to Social Security benefits, including Supplemental Security Income amounts. If you want to know whether this may affect your personal income, it is essential to understand exactly what Supplemental Security Income is. According to the Social Security Administration, which administers the program, Supplemental Security Income provides financial benefits to eligible people who are disabled or blind.
To qualify for the program, you must be over 65 years old and meet the government standards of limited resources and income. In some cases, children who are blind or disabled may qualify for SSI benefits. If you qualify for traditional Social Security benefits, you may receive them along with SSI payments. However, you may be eligible for the SSI program even if you do not qualify for Social Security. The financial eligibility requirements for SSI benefits relate to both the value of your assets and your income. You must also meet the medical standards for disability or blindness.
While Social Security taxes fund traditional Social Security benefits, the money for the SSI program comes from general federal revenue, such as personal income and corporate taxes. Although traditional Social Security benefits require you to have worked and paid into the system, you may qualify for SSI benefits regardless of your work history. Depending on your unique situation, you may receive additional Medicaid assistance to pay for health care costs. Food assistance may also be available. If you qualify for SSI benefits, you may expect to receive payments around the first of every month.
While this information provides a basic overview of the SSI program and eligibility requirements, it should not be interpreted as legal advice.