An elderly, blind, or handicapped person receiving Social Security Disability benefits under Supplemental Security Income (SSI) is entitled to the Federal Benefit Rate (FBR). The Federal Benefit Rate, also known as the Federal Payment Standard or the SSI Standard Benefit Amount, is connected to the Consumer Price Index. The Federal Benefit Rate rises when the Consumer Price Index rises. The Federal Benefit Rate is not adjusted for inflation if the Consumer Price Index does not rise. On January 1, each year, the Federal Benefit Rate for individuals and couples is adjusted to reflect rising costs of living. Living circumstances also have an impact on the Federal Benefit Rate.
The Federal Benefit Rate for 2020 sets a maximum monthly SSI payment of $794 for an eligible individual and $1,191 for an eligible married couple as the maximum Social Security disability payment amounts. There are five types of living arrangements that affect Social Security Disability Insurance (SSI) benefits: 1) a single person living in his or her own home; 2) a disabled child living with his or her parents; 3) a married person and his or her unqualified spouse living in their own home; 4) a married couple both of whom are eligible to receive benefits; and, 5) all of these arrangements if the people involved live in someone else’s home. For those who are blind, the fees are far higher than for those who are seeing. The Federal Benefit Rate is supplemented by some states.
The sums listed above are the maximum Social Security Disability benefits that can be received under the Supplemental Security Income program. By subtracting your countable income, this amount is lowered. A home and an automobile are two of the most common exceptions to the resource constraint. Work-related disability benefits can also be deducted from earnings. To get SSI disability payments, there is no waiting time if you meet the eligibility criteria. In general, you’ll need to meet the following conditions:
- Have little or no money or resources
- Be a U.S. citizen or complete extra requirements if you are not a citizen.
- Medically incapacity
- You must be a US citizen, or a legal resident in the United States, DC, or the Northern Mariana Islands.
- File for all additional benefits to which you are entitled, including Social
- Security and Medicare (receipt of these benefits will reduce your benefits under SSI)
- Not be able to earn a considerable amount of money.