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Supplemental Security Income At A Glance
Posted in: Supplemental Security Income on June 13th, 2012

ssiSupplemental Security Income, or SSI, is a program provided by the Social Security Administration and is available to low-income individuals who are blind, disabled, or at the age of 65 years old or older.  Unlike most SSA programs, the funds for SSI are not taken from the Social Security Trust but rather from the US Treasury.  According to the SSA government website, “it provides cash to meet the basic needs for food clothing, and shelter.”

The Basics of SSI

It is important to first pre-qualify yourself before applying for Supplemental Security Income benefits.  In doing so, you will save yourself unwanted hassle and it will most definitely save you time in the end.  There are a couple of ways that you can go about this.  A tech-savvy individual may want to visit the SSA government website and use their online testing options, but this option can be difficult. It may be much easier to speak to someone in person such as a Social Security lawyer.  Educating yourself in the beginning should always be your number one priority.

Once you have determined your eligibility then it becomes time to apply for your benefits.  You must understand that you will be required to provide details to your current financial standing as well as your past.  Once again, you will want to be prepared for this by putting together your financial documents in advance.  There is a decent amount of info that is required during the application process.

If your application is accepted you will be responsible for continuing to report your income.  The SSI is a supplemental income and there is a predetermined threshold for the amount of extra income that you bring in.  It is very important that you stay up to date and current in your reporting to the SSA.

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