What is the purpose of Supplemental Security Income (SSI)?

Prepare for the Fincert Certified Personal Financial Counselor (CPFC) Exam with flashcards and multiple-choice questions. Each question is complemented by hints and explanations. Get exam-ready today!

The purpose of Supplemental Security Income (SSI) is indeed to provide benefits regardless of work history. SSI is a federal program designed to assist individuals who are aged, blind, or disabled and have limited income and resources. It provides financial assistance to those who may not have sufficient earnings from work history to qualify for Social Security benefits. This ensures that vulnerable populations, who may not be able to work or have not worked enough years to qualify for traditional social security, receive necessary financial support for their basic needs such as food, clothing, and shelter.

In contrast, options that associate SSI with employment status, loans for medical expenses, or long-term care services do not accurately reflect the nature or intent of the program. SSI is specifically geared towards providing income support without requiring a work history, which distinguishes it from other programs related to employment or specific health care costs.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy