Social Security Benefits

Social Security benefits are available to anyone who has been employed and paid into the Social Security Administration (SSA). These benefits will replace a portion of what their earnings were during their lifetime. Social security benefits are paid out to people who retire, become disabled or if they die.

Social Security Benefits

Social Security Benefits

Depending on the earnings of that person during their lifetime of employment will determine the amount of social security benefits payable to them. Another determination in the amount of benefits will be if they file after reaching the full age of retirement or if they choose a date before that.

If a person becomes disabled or dies at any age after paying into the SSA fund, their social security benefits will be determined by the amount paid into the fund at the time of disability or death. If that person has a spouse and/or children under the age of 18 who may have limited financial income, they will receive Supplemental Security Income (SSI).

Anyone that is on social security benefits, whether retired or disabled must wait three years after receiving their first benefits to apply for Medicare, a health insurance plan provided by the government. There are various supplemental insurance plans that help with the cost of doctor, hospital and prescription drug prices.

The first social security plan was adopted and signed into law in 1935 by Franklin D. Roosevelt. In 1937, the first taxes paid by employees, went into the social security plan. The first benefits to be paid out of this fund were scheduled for 1942, but the actual benefits paid by the SSA started in 1940 instead.

Anyone born after 1990 must have a social security number assigned to them by age one year, which will remain the same until the death of that person. Once that person dies, a social security death index number is assigned to them.

Anytime a card is lost, stolen or a name change is required, a social security card replacement is necessary.

Anyone can apply for social security benefits online or by calling the SSA and requesting applications be mailed to them.

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