I was recently asked which pays more in benefits? Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI)?
If you are wondering about the difference between SSDI and SSI, read this post.
As for which pays more, the answer is…
SSI benefits are based on the annual Federal Benefit Rate (FBR) which sets the maximum SSI benefits you can per month. For 2015 and 2016, the FBR is $733 for individuals ($1,100 for couples). That mean the most an individual on SSI can receive is $733 per month. Couples who are both on SSI can receive a maximum of $1,100 per month.
Disability Insurance (SSDI) benefits are based on your payroll contribution to Social Security. The more you have paid into Social Security, the more monthly benefits you may be entitled to.
Simply put, SSI is capped at $733 per month (based on the 2009 SSI Federal Benefit Rate). Depending on how much you have paid into Social Security, SSDI may pay more in benefits.
If you want to get an idea of how much you may be entitled if you become disabled, Social Security has online benefit calculators which can estimate benefits amounts. Social Security also mails you a “Social Security Statement” every year before your birthday which describes your estimated benefits.