No, this is not the next big Star Wars movie. These are the acronyms that stand for Supplemental Security Income and Social Security Disability (Also known as disability insurance benefits). SSD is available to those that have accumulated a sufficient number of “work credits”. SSI is available to those that may have never worked enough or not at all.
Supplemental Security Income is “need based”. The funds come from a general tax fund NOT a trust fund…so they should last through our lifetimes. Do you qualify for SSI? Here is an important point…you must have under $2000 in assets ($3,000 if married). When do benefits begin? The answer is on the first month after you submit your application.
Knowing the ins and outs of SSI, SSD, and, oh yes another one abbreviated SSDI (we will delve into that later) can be complicated. Lyle Clark is a Seattle area attorney that will help you navigate through these Social Security waters. Why not give him a call and arrange for a meeting at his Bellevue office by calling (425) 452-3092.