Adults and children who are living with disabilities and the aged who are 65 years and older and not disabled could get monthly Supplemental Security Income (SSI).
SSI monthly payments can be received according to the Social Security Administration even if a beneficiary is already getting Social Security Disability Insurance or retirement benefits.
Funded by tax dollars and not Social Security Taxes, the SSI is a federal program that pays out monthly amounts to meet basic needs including food, clothing, and shelter. Living arrangements and countable income determine the base amount, which means not everyone receives the same amount.
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Beneficiaries of the SSI may receive less if they have income from other sources, including wages, pensions, and Social Security benefits. Other factors are if someone pays your household expenses for you or you live with a spouse who contributes income to your household. On the other hand, a beneficiary may receive more if your state adds to SSI payments.
Americans who are single and have resources worth less than $2,000 or married and have resources worth less than $3,000 could also get the SSI. The resources include cash, bank accounts, stocks, U.S. savings bonds, land, life insurance, and vehicles.