Thursday, November 10, 2011

How SSA Helps Americans in Various Life Situations

RPQHJK7U2H86 Each American’s phase of life involves different and other times unique set of financial needs. Fortunately, in each stage of life, Social Security Administration has a benefit program to offer.

Social Security benefits play a vital and crucial role in providing financial support to majority of Americans. Many people think that Social Security is only about supporting retiree and senior Americans, however, in reality, almost any citizen may apply for benefit programs of the agency as long as they are eligible to do so.

When you sustain disabling condition while still an employee

There are times when a healthy worker gets disabled for all unexpected reasons, generally this type of situation is always considered unfortunate. However, disabled workers should not be discouraged with the financial setbacks they should endure because SSA offers two programs to support their monetary needs.

A disabled employee may choose between applying for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI). The applicant should prove that he or she cannot substantial gainful activity, he or she is physically or mentally disabled, and the disability is expected to last for at least a year. Additionally, children of a disabled employee may also claim for benefits as long as that their parent’s condition was sustained before they reached the age of 22.

For claiming SSI, the applicant must have under $2,000 in assets and limited income. Furthermore, children who are blind or disabled may also be eligible to claim for supplemental benefits.

When your spouse or family member dies

Losing a spouse or family member is obviously emotionally devastating; furthermore, it is also financially overwhelming. When you experience such unfortunate life scenario, you may claim for survivor’s benefits program from the Social Security.

Spouse, children, parents, or financial dependents of a deceased employee who paid enough social security taxes may apply for the benefit program. Approved applicants may receive monthly survivors benefit payment from SSA.

When you decide to retire from work

Workers who decide to retire from his career, the Social Security provides a strong foundation for a secured retirement payments. The contributions of retired worker to the society are generally recompensed by Social Security retirement insurance program.

Applicants for retirement benefits may either choose to retire early or to retire when they reach full retirement age. Claimants should take note that retiring before full retirement age means obtaining decreased amount of payment, while retire on determined retirement age means receiving full amount of benefits.


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