What Does SSI Mean?

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What does SSI mean? Read on to discover the definition & meaning of the term SSI - to help you better understand the language used in insurance policies.

SSI

SSI

Supplemental Security Income (SSI) is a program that the United States government created in 1974 to replace federal/state adult assistance programs. As part of the Social Security Act, SSI provides a stipend to low-income individuals who are either disabled, blind, or 65 years of age or older. Funds for it come from the U.S. Treasury general funds, and today, about 8 million Americans benefit from it.

We hope the you have a better understanding of the meaning of SSI.

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