Supplemental Security Income (SSI)
Definition - What does Supplemental Security Income (SSI) mean?
Supplemental Security Income (SSI) is an income supplement program by the United States government. SSI is administered by the U.S. Social Security Administration (SSA). The program provides monthly payments to those who are disabled, legally blind, or over 65. SSI also provides income supplements to disabled children under the age of 18.
Justipedia explains Supplemental Security Income (SSI)
Supplemental Security Income (SSI) is a need-based program that is administered by the United States government. The program is managed by the Social Security Administration. However, it is not funded by the Social Security Trust Fund. It is funded by U.S. general tax revenues. The program provides monetary assistance in the form of monthly payments to those with low income and few assets who are disabled (adults and children), blind, or over the age of 65. In order to qualify for SSI, a claimant must meet the income and resources criteria set by the SSA. In order to qualify for SSI, claimants must have incomes below the Substantial Gainful Activity income limit, assets worth less than $2,000 and be U.S. residents.
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A Look at Social Security Disability Benefit Programs