Social Security Benefits – Learn about it

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Did you know you are eligible to get benefits from the government on your Social Security? Learn more about all the Social Security Benefits.

Social Security is a program run by the federal government in the whole US. 

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The program works by using taxes paid into a trust fund, so, it’s used to provide benefits to people who are eligible. 

You’ll need a Social Security number when you apply for a job, for example.

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So if you pay your taxes and have a Social Security Number, you’re probably eligible for benefits.

Learn now about the Social Security Benefits you can have:

Social Security provides you with a source of income when you retire or if you can’t work due to a disability. 

Also, it can support your legal dependents (spouse, children or parents) with benefits if you die.

Social Security Retirement Benefits

If you’re retiring, you can get the benefit, but how much income you’ll receive depends on:

  • All your earnings over your lifetime
  • The age which you’ll begin receiving benefits
  • Whether you’ll be eligible to receive a spouse’s benefit instead of your own

The interesting thing is that you can estimate your benefits to know how much you’ll get every month.

To do that you need to use the benefits planner to estimate your benefits at each age.

For example: from 62 (the earliest you can receive them) to 70 (when you hit your greatest amount).

So, you can use this website of Retirement Estimator to plan your retirement.

Social Security Benefits for People with Disabilities

If you have a disability, Social Security Disability Insurance and Supplemental Security Income can help you financially. 

To qualify for this program, you need to meet SSA’s definition of disability: 

  • You’re unable to do substantial gainful activity (work)
  • Your disability is expected to last for at least one year or result in death
  • Your impairment is on Social Security’s list of disabling medical conditions

Social Security Benefits will have a step-by-step process to decide if you have a disability.

To find out if you’re eligible for either program, use the Benefit Eligibility Screening Tool.

To learn more about it and how to plan for your retirement benefits, visit the official website here.

Social Security Disability Insurance (SSDI) 

Second, there’s this Insurance for people who have become disabled after earning enough Social Security work credits within a certain time. 

So, your spouse or former spouse and your children may be eligible for benefits when you start getting SSDI.

You can apply for SSDI benefits online, in person or even by phone.

If your application is approved, you’ll have a five-month waiting period for benefits to start. 

But if your application is denied, you can appeal the decision.

Supplemental Security Income (SSI)

This Income is for people with disabilities or who are 65 or older with little to no income and resources. 

Supplemental Security Income (SSI) is not Social Security

Although the names sound similar and the Social Security Administration runs the program, it does not fund SSI. 

You can apply for SSI by phone, in person at a local Social Security office, or in some cases online. 

To apply for SSI for a child, you can start the process online but will need to complete it in person or by phone.

You can also appeal if your application is denied.

And if you have any question, you can explore a listing of Social Security Benefits topics and learn more about here.

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