SSI stands for Supplemental Security Income. It is a program established by the United States government to provide financial assistance to individuals with disabilities or those who are aged 65 and older with limited income and resources. SSI is funded by general tax revenues and administered by the Social Security Administration (SSA).
The primary purpose of SSI is to ensure that those who are unable to work or earn a sufficient income to meet their basic needs have access to essential resources and support. Eligibility for SSI is determined based on factors such as income, resources, and disability status.
To qualify for SSI, an individual must meet certain income requirements, which include income from sources such as employment, Social Security benefits, pensions, and other forms of financial assistance. Additionally, they must have limited financial resources, such as cash, bank accounts, and property.
The SSI program provides a monthly cash payment to eligible individuals to help cover the cost of basic necessities, including food, shelter, and clothing. In some cases, SSI recipients may also be eligible for Medicaid, which provides access to healthcare services.
Overall, SSI serves as a crucial safety net for individuals facing economic hardship due to disability or old age, ensuring that they have the means to support themselves and maintain a basic standard of living.
