TITLE II VS. TITLE XVI Flashcards
What is Title II Benefits?
Title II Benefits:
Title II refers to the Federal Old-Age, Survivors, and Disability Insurance (OASDI) program.
It provides monthly benefits to individuals who are “insured” under the Act due to their contributions to the Social Security trust fund through the Social Security tax on their earnings.
Eligibility for Title II benefits includes:
Disabled insured workers who are below full retirement age.
Individuals disabled since childhood (before age 22) who meet specific criteria.
These benefits are not needs-based, meaning there are no income or asset restrictions to qualify for monthly payments under Title II.
Title II benefits are tied to work history and contributions.
What is Title XVI benefits?
Title XVI Benefits:
Title XVI refers to the Supplemental Security Income (SSI) program.
It provides cash payments to disabled individuals (including children under age 18) who have limited income and resources.
Key points about Title XVI benefits:
Eligibility is based on financial need and disability.
Individuals must meet specific criteria for income and resources.
Title XVI benefits are not tied to prior work history like Title II benefits.
This program aims to assist aged, blind, and disabled individuals with limited financial means.
Title XVI benefits are need-based and provide assistance to those with limited income and resources.
