There is a lot of confusion about Supplemental Security Income, also known as SSI. Is it Social Security? Is it disability? Or something else entirely? While SSI is managed by the Social Security Administration, it is not actually a Social Security program. In other words, SSI benefits are not funded with Social Security taxes like other Social Security programs are. SSI is basically welfare. It is a need based program that pays benefits to people who have low income and who are 65 or older or who are blind or disabled.
SSI is supplemental income for low income people who are age 65 or older, OR who are disabled or blind. Children may also qualify for SSI if they have a disability and their parents meet the income test. The main thing to remember about SSI is that it is need based, so you need to have extremely limited financial resources to qualify. Both your income as well as the assets you own will be used to help determine if you are eligible for SSI. So what are the SSI income limits? The income limits depend partly on where you live, so you’ll need to contact Social Security to find out the limit for the state you live in.