Tag Archives: jumble

What Is the Difference Between SSDI and SSI?

You see a veritable jumble of acronyms referred to when you are looking into legal subjects. These acronyms make it easy to talk about concepts, programs and legal devices that have wordy titles. In this post we will look at two of them: SSDI and SSI. Social Security Disability Insurance When you are working, you invariably see a chunk of your pay devoted to something called FICA. This is the portion of your tax dollar that goes toward Medicare and Social Security. If you pay into the program sufficiently throughout your working career, you will become eligible when you reach the appropriate age. To qualify for Medicare and Social Security you accumulate retirement credits. You can earn up to four credits per year, and you become eligible when you have accrued at least 40 credits. In 2014, taxpayers get one credit for every $1200 that they earn. The age of eligibility for Medicare is 65, and your age of full eligibility for Social Security depends on your year of birth. People born be