Many seniors who qualify for Social Security retirement benefits may find that their monthly payments are insufficient to cover basic living expenses. In such cases, they may wonder if they can also receive Supplemental Security Income (SSI) to help bridge the gap. The good news is that retirees with low Social Security payments may qualify for SSI, but certain requirements must be met.
Let’s investigate how seniors can qualify for SSI and the types of benefits they may receive if eligible.
Eligibility
To qualify for SSI, applicants must meet strict criteria regarding income, resources, and age. SSI is a needs-based program, so it targets those with very limited income and assets.
Limited Resources
To receive SSI, you must have little or no money or assets. For an individual, the asset limit is typically $2,000, while for a couple, it’s $3,000. However, not all resources are counted toward this limit. For example, your primary home and one vehicle are generally exempt. But beyond these basics, you’ll need to have minimal financial resources.
Low Income
In addition to asset limits, your income must be very low to qualify for SSI. This includes earnings from work, pensions, and other sources of income. The income threshold is generally adjusted annually, but in 2024, the maximum federal benefit rate is $943 per month. However, if you’re receiving Social Security benefits, your SSI payment may be reduced accordingly.
Age Requirement
Most seniors must be at least 65 years old to qualify for SSI. However, individuals under 65 may also qualify if they meet the requirements for blindness or disability. The program is not just limited to seniors; younger individuals with significant disabilities may also be eligible for SSI, provided they meet the income and resource limits.
Other Key Requirements
Apart from age, income, and resource restrictions, there are a few other important eligibility criteria for SSI:
- Citizenship Status: You must be a U.S. citizen or meet specific non-citizen criteria.
- Living Arrangements: Your living situation can also impact your SSI eligibility. For example, living in a government-funded institution may disqualify you from receiving SSI.
Seniors aged 65
Seniors aged 65 and older who receive low Social Security payments may qualify for SSI if they meet the program’s income and resource limits. These retirees can receive SSI to supplement their Social Security benefits, providing additional financial assistance.
Seniors Under 65
For seniors under 65, qualifying for SSI may be possible if they have a disability or are blind. Some individuals in their 60s receive Social Security Disability Insurance (SSDI) and may also qualify for SSI if their income and assets fall within the necessary limits. However, age alone will not qualify you for SSI if you’re under 65.
Amounts
While SSI can be a valuable supplement to Social Security, the amount you can receive depends on several factors, including other income. The maximum federal benefit rate for SSI in 2024 is $943, but most individuals receiving Social Security will see a reduction in their SSI payments.
Payments
Here’s a breakdown of average SSI payments based on age:
| Age Group | Average SSI Payment (2024) |
|---|---|
| 65 and older | $575 |
| 18-64 years old | $744 |
| Under 18 | $820 |
As this table shows, payments can vary significantly based on age. Seniors aged 65 and older tend to receive lower SSI payments than younger recipients, with an average benefit of $575 per month.
Apply for SSI
If you are struggling to make ends meet with a low Social Security check, SSI can be a lifeline. The program provides additional financial support, helping seniors cover essential costs like food, housing, and medical expenses. The application process can take time, so if you think you qualify, it’s best to apply as soon as possible.
By meeting SSI’s strict eligibility requirements, seniors can receive additional support to help improve their quality of life.
If your Social Security check is not enough to cover your needs, applying for SSI could be the financial assistance you’re looking for. With limited income and resources, you may qualify for payments that will provide the extra cushion you need.
FAQs
Can SSI and Social Security be received together?
Yes, if you meet SSI eligibility while getting Social Security.
How does income affect SSI?
SSI is reduced based on other income, including Social Security.
What is the asset limit for SSI?
The asset limit is $2,000 for individuals, $3,000 for couples.
Can disabled seniors under 65 get SSI?
Yes, if they meet the disability and income criteria.
How long does SSI application take?
The process may take several months, so apply early.
