Understanding SSI: Supplemental Security Income Basics for New Applicants

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While you've likely heard of Social Security (SSA) payments and may be slightly familiar with some of their core principles, there's a separate program called Supplemental Security Income (SSI) that provides assistance to certain U.S. citizens and can sound quite similar. While the same government agency — the U.S. Social Security Administration — runs both programs, SSI is different from Social Security in a number of key ways. We'll take you through an overview of what SSI is, who qualifies and how it differs from Social Security in general to help you better understand this financial program.