SSDI (Social Security Disability Insurance) and SSI (Supplemental Security Income) are both programs managed by the Social Security Administration to help people with disabilities. Many people don’t differentiate between the two. While the medical eligibility is determined in the same way for both, they are two completely different programs.
SSDI (Social Security Disability Insurance) is funded through payroll taxes and is available to workers who are younger than 65 years old and have accumulated a minimum number of work credits. Recipients are considered insured because they have made payroll contributions in the form of FICA Social Security taxes. The monthly benefit amount is based on your work earnings record.
SSI (Supplemental Security Income is a need-based program based on a person’s income and assets and is funded by general taxes. This program does not evaluate work history and is strictly based on financial need. To be eligible for SSI, you must have less than $2,000 in assets (or $3,000 for a married couple) and have a very limited income.