Social Security Disability Income Insurance (SSDI) is a federal insurance program funded by payroll taxes that provides financial benefits to eligible workers who are unable to work due to a long-term disability expected to last at least one year or result in death.
Supplemental Security Income (SSI) is a needs-based program administered by the Social Security Administration that provides supplemental income to individuals who are aged, blind, or disabled, with limited income and resources.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.