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Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) are both federal programs that provide cash payments to people who meet the federal definition of disabled.. But the similarities between the two programs end there. Here are the three main differences between them. SSI Is a Means-Tested Program, SSDI Is an Entitlement Program. Although both SSI and SSDI are administered by the Social Security Administration, the two programs have vastly different financial requirements.
The Bankruptcy Code specifically exempts from the means test income calculation benefits authorized by the Social Security Act, including Social Security retirement benefits, Social Security Disability Insurance and Supplemental Security Income. Therefore, you do not include your Social Security payments as income in the means test calculation. Even though Social Security benefits do not form the basis for income calculations for the means test, you are required to disclose those benefits to the bankruptcy court. Among the financial information that must be provided in the bankruptcy petition is the source, frequency and amount of income.