Supplementary Benefits: Who Qualifies and What You Get
Learn if you qualify for Supplementary Benefits to help cover basic living costs if your pension income is not enough to meet your needs.
Supplementary Benefits provide financial support to help pensioners cover their basic living costs when their standard pension income is insufficient.
Who it's for
This scheme is designed for pensioners who have a low income and cannot meet their essential daily expenses through their existing pensions.
What you get
If you qualify, these benefits help cover your basic cost of living. This is intended to bridge the gap if your AHV or BVG income is not enough to sustain your daily needs.
What it costs you
There is no upfront fee to apply, but the amount you receive is means-tested. This means your eligibility and the total support you get will depend on your specific financial situation.
The catch to know
It is not just your monthly income that matters. When calculating your eligibility, your total assets are taken into account, which can impact the level of support you receive.
How to apply
- Determine if your current pension income falls below the required threshold.
- Gather documents regarding your monthly income and your total assets.
- Contact your local social insurance office to begin the assessment process.
- Follow the specific instructions provided by the insurance body to submit your application.