What is SSI?

What is Supplemental Security Income (SSI)?

Supplemental Security Income (SSI) is a Federal Program based on financial need. In order to be eligible for SSI: a person must have a medical condition that is expected to last twelve months or longer and have assets below the allowable limit of $2000.00. One home and one vehicle are excluded from this asset limit. As an SSI recipient, you receive a Federal SSI payment and a state SSI payment. Because you are eligible for SSI, you automatically qualify for Medicaid. The Social Security Administration looks at your income in two ways: Earned Income and Unearned Income. After taking certain deductions from your earned income (gross earnings from your job) and from any unearned income (income received from sources other than work), the Social Security Administration will look at what is left over, or your total countable monthly earnings, to reduce the maximum SSI benefit you can receive. As of January 2007, that maximum (FBR) is $637.00.

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