There are two types of Social Security disability benefits: Social Security Disability Insurance (SSD) and Supplemental Security Income (SSI). You do not choose which one you will receive- this depends entirely on your work history. Although both programs provide lump sum benefit awards, monthly checks, and access to healthcare, there are several important differences between them that you should understand.
What are the benefits of SSD? How do I qualify?
Eligibility for SSD requires you to have worked for approximately 5 out of the past 10 years qualify.After you are awarded SSD benefits, the amount that you will receive is based upon how much money you earned while you were working.
Your monthly benefits are calculated by how much money you earned. When you are first awarded benefits, it is possible to receive retroactive benefits in one lump sum – possibly, all the way back to one year before you first apply. In addition, you’ll also automatically become eligible for Medicare after collecting SSD for two years.
What are the benefits of SSI? How do I qualify?
Eligibility for SSI does not require you to have worked for any minimum amount of time. Accordingly, the amount of your monthly benefits will be calculated by the cost of your living arrangements.
After you are awarded benefits, it is possible to receive retroactive benefits in one lump sum – possibly, all the way back to the month after you applied. Plus, you’ll become eligible for Medicaid immediately after you start receiving SSI.
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