For Williams, the cash value of her policy along with the $260 she had saved in her checking account pushed her over SSI’s $2,000 limit on how much a recipient is allowed in savings and other assets.
That $2,000 asset limit hasn’t changed since 1989. If it had kept up over 51 years with inflation, it would be $10,000 today.
We need to get away from these hard limits that aren’t automatically updated.
It takes a fight every time, and we’re spread thing because moderates are fighting the progress along with Republicans.
They want things to suck until just one becomes a rally cry, then the do anyone time adjustment and demand we call them the next FDR while they call us whining kids just because we’re under retirement age
There’s technically just one thing, OASDI, and about 80 years ago moderate Dems said FDR had to wait another year or two before they could add universal healthcare for everyone, so that’s why it’s confusing.
For almost a century it’s been expanding just enough for people to say we’re make ng progress and can’t ask for more.
I hate using a PDF as a link, so at least heres the search summary:
SSDI is part of the federal Old-Age, Survivors, and Disability Insurance (OASDI) program, commonly known as Social Security. OASDI benefits are based on an insured worker’s career-average earnings in jobs covered by Social Security and designed to replace a
The Social Security Administration (SSA) is responsible for administering two federal
entitlement programs established under the Social Security Act that provide income support to
individuals with severe, long-term disabilities: Social Security Disability Insurance (SSDI) and
Supplemental Security Income (SSI). SSDI is a work-related social insurance program authorized
under Title II of the act that provides monthly cash benefits to nonelderly disabled workers and
their eligible dependents, provided the workers accrued a sufficient number of earnings credits
during their careers in jobs subject to Social Security taxes. In contrast, SSI is a need-based public
assistance program authorized under Title XVI of the act that provides monthly cash payments to
aged, blind, or disabled individuals (including blind or disabled children) who have limited assets
and little or no Social Security or other income. In 2017, SSDI and SSI combined paid an
estimated $199 billion in federally administered benefits to 14.5 million qualified disabled
individuals and 1.5 million non-disabled dependents of disabled workers.
SSDI is part of the federal Old-Age, Survivors, and Disability Insurance (OASDI) program,
commonly known as Social Security.
Social Security = OASDI
SSI is part of social security.
So saying::
That’s Social Security. You don’t pay into SSI
Is like saying:
That’s a rectangle. You don’t pay into squares.
We pay into OASDI if we work. Some of that is for retirement stuff, but part of what we pay funds the other parts you don’t need to pay into to get benefits from.
Like I said tho, it makes sense when you realize 80 years ago OASDInwas meant to be universal healthcare and a retirement fund. Unfortunately “moderate” Dems and Republicans united to block FDR against the will of voters. And for almost a century things have been tweaked, but they still say we can’t have universal healthcare.
So OASDI is just “the bare minimum to avoid riots”.
We need to get away from these hard limits that aren’t automatically updated.
It takes a fight every time, and we’re spread thing because moderates are fighting the progress along with Republicans.
They want things to suck until just one becomes a rally cry, then the do anyone time adjustment and demand we call them the next FDR while they call us whining kids just because we’re under retirement age
If you really want things locked, lock it to Congressional salaries.
The crazy thing is the SSI is automatically updated but the asset limit is not. Now, 2-3 months of SSI puts you over the asset limit
As far as I know, the only thing that gets raised annually is the exception limit for when you stop having to pay into it.
Think it’s like 138k now, but it does go up a few thousand each year.
But the system wasn’t set up for such rampant wealth inequality where some make millions and most make less than 50k.
That’s Social Security. You don’t pay into SSI
There’s technically just one thing, OASDI, and about 80 years ago moderate Dems said FDR had to wait another year or two before they could add universal healthcare for everyone, so that’s why it’s confusing.
For almost a century it’s been expanding just enough for people to say we’re make ng progress and can’t ask for more.
I hate using a PDF as a link, so at least heres the search summary:
https://crsreports.congress.gov/product/pdf/R/R44948
Your source claims you need to earn OASDI through buying in as a worker. That gives you Social Security (SSDI).
It then delineates SSI as a different program, without listing any buy-in requirements.
So, what I said but with extra words? Still different programs
Social Security = OASDI
SSI is part of social security.
So saying::
Is like saying:
We pay into OASDI if we work. Some of that is for retirement stuff, but part of what we pay funds the other parts you don’t need to pay into to get benefits from.
Like I said tho, it makes sense when you realize 80 years ago OASDInwas meant to be universal healthcare and a retirement fund. Unfortunately “moderate” Dems and Republicans united to block FDR against the will of voters. And for almost a century things have been tweaked, but they still say we can’t have universal healthcare.
So OASDI is just “the bare minimum to avoid riots”.
You are not eligible for SSDI unless you pay into it. Anyone can be eligible for SSI.
And the two of them are both parts of social security…
It’s a square rectangle thing.
But it’s not a big deal