Income Replacement Programs

Social Security pays monthly retirement, disability, and survivor benefits for insured workers and their dependents and survivors. Eligibility is based on number of years of employment in FICA-taxed jobs, age, and/or a disabling condition that is expected to continue at least one year and make you unable to engage in gainful employment, which is defined as earning less than $800 a month. Eligibility is not based on assets or unearned income. Applications are processed through your local SSA office. Call 800-772-1213 to begin an application, ask questions, or order publications.

Supplemental Security Income (SSI) is also administered through Social Security and is a monthly cash benefit available to those 65 and older, or of any age if blind or otherwise disabled. This benefit is not based on your work history, but rather on your current low income and asset status. Income/asset guidelines vary from state to state. Applicants may also qualify for Medicaid and food stamps.

Veterans Benefits offer pensions for low-income and disabled veterans, healthcare provided through VA facilities, vocational rehabilitation, education, home loans, disability compensation, life insurance, burial, and a range of other benefits. Dependents and survivors may also be eligible for benefits. Apply through your local Department of Veteran Affairs.

State Disability Programs can help you replace some of your lost income while you apply for federal programs, which generally require several months waiting period prior to approval. These programs are administered locally through Workers Compensation Boards. You may also qualify for unemployment insurance if you are not deemed disabled.