SSI? is a program to provide for disabled individuals that didn’t work enough to earn SSDI (Social Security DIsability). I graduated High School in June 1991, and in September 1991 – both ankles caved in. With that in mind, I only qualified for SSI, and therefore applied for that. While waiting for my application for SSI, I had to live off of Welfare, and sign that they will be paid back when I won my determination period funds.
Once I got my SSI, I received Medicaid (health insurance), and SNAP (food assistance), and applied for Section-8. I didn’t get it until about 2001, and was able to move in as soon as I found a places that would take Section-8. SSI is not ideal though, and if I had a choice, I would have SSDI. SSDI does not have the same asset limits that SSI has. SSI has a cap of $2,000 for all of the person’s access. You can have 100 bank accounts, but all of the accounts combined can not be more than $2,000. If so, you would likely lose benefits, have to wait several of months, and take another few months to get back on if you are lucky. The only reason I will take money that would be a one time windfall will be if I had a net winning of $1,000,000. This is after taxes. This will allow me to have na income of $2,800 and enough money to buy an abandoned house that I will renovate to my needs, and desires.