The Supplemental Security Income program (SSI) is a specially designed program to assist individuals who, due to disabling health issues or advanced age, aren’t able to support themselves and are in need of income assistance. Approximately 1% of the population (3.3 million in 2011) receives benefits from SSI, a need-based benefit plan run by Social Security. However, the maximum monthly payment for SSI is generally very low – $710 per month or less for individuals, or $1,066 for couples.
Most of us expect to work until we retire and then live peacefully and contentedly on a pension and our savings. What we don’t expect is to become disabled.
However, according to the U.S. Social Security Administration, it’s not uncommon to incur a disability during your working years. In fact, a 20-year-old has a 30% chance of becoming disabled before retirement age. If you are not working because of an illness or injury, or have been told you may be facing a disabling diagnosis, it is essential that you know what your rights are when it comes to social programs and benefits.
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