Ace the 2025 Virginia Life, Health, and Annuities Exam – Secure Your Bright Future!

Supplemental Security Income (SSI) is fundamentally distinguished by its structure as a need-based program, rather than one that relies on an individual's work history. This means that SSI eligibility is determined by financial need, specifically looking at income and resources, rather than the number of years someone has paid Social Security taxes through employment.

The design of SSI is to provide financial assistance to individuals who are elderly, blind, or disabled, and who have limited income and resources. This contrasts with Social Security benefits, which are primarily earned through an individual's prior work history and contributions to the Social Security system over their working life.

While some may think that SSI provides healthcare coverage, it primarily focuses on cash assistance. Although it may allow individuals to qualify for Medicaid in many states, that healthcare coverage is a separate program and not the main feature of SSI. Additionally, SSI is not exclusive to the elderly, as it also covers disabled and blind individuals of all ages.