What is the income of social security?
The date of income of social security is difficult to define because it could refer to several programs. In fact, the income of social security is often an incorrect word of additional security income (SSI), a special government program of the US to help those young or old, who are generally legal blind or strictly affected in another way. This must be seen as completely different from the wage -funded tax program called old age, survivors and disability insurance (OASDi), which draws on money taken as social security taxes. SSI does not work in this way. SSI is available to every qualification, not just workers. In fact, it can be collected by any eligible person of almost any age, given that the person or carers meet certain income requirements. It is quite possible that the SSI checks will be made to the parents of a severely disabled child, and if the child is unable to develop skills for work, he or she could dostick payments throughout their lifetime. This is not huge and barely enough to support life in shared neighborhoods; They grow when any other intake decreases and may stop if one earns a sufficiently high income.
On the other hand, the income of the social security concerning OASDI usually belongs only to the people who earned it or their survivors. As people work throughout their lives, they create credits that make them eligible to collect "retirement reward" or collect part of this reward if they become permanently affected before retirement age. Not only is this remuneration available to a worker, but also the wife usually becomes eligible to achieve its part when he reaches the age of retirement. If a person with children died before these children for 18 years and has already earned the right to collect the form of income of social security of OASDi, children may be entitled to choose fromthe survivors.
The payout of the disability from OASDI and SSI may vary a bit or a lot. First, most people who have never worked cannot get disabled through OASDA and are therefore not eligible to participate in programs such as Medicare. Sometimes, however, there may have a person who receives payments through OASDI, eligible for the SSI census, and if he cannot afford Medicare, he may be entitled to Medicaid. At present, those who receive a single dollar SSI automatically have Medicaid. They get it, even if they are insured elsewhere and no matter what age is.
, however, OASDi's social security incomes are often more attractive because payments are slightly larger. On the other hand, some individuals can qualify for both. The amount of payment of the disability is often not based on the current income, but instead is the amount that has been considered “earned” salary throughout life. This is usually more than SSI, though not always.
generallyIt can be said that income from social security is any income that is derived from the government for retirement, disability or several other reasons. However, these programs have different funds for financing and determining competence. Apparently they are not the same even if they can share a common purpose.