6 Lessons Learned: Advice

What You Need to Know about Social Security

Social security was developed by governments to assist a section of its citizens struggling with finances more so those with inadequate or no income to get financial assistance.

In other words, social security also refers to the action programs of an organization intended to promote the welfare of people. The assistance is meant to enable them to access food and shelter and to promote health and well-being more so to potentially vulnerable segments such as children, the elderly, the sick and the unemployed.
The main contingencies protected in social security include responsibility for the maintenance of children, suspension of earnings due to pregnancy and confinement and their consequences. Clients can also enjoy the following areas covered by social security these include suspension of earnings due to an inability to obtain suitable employment for protected persons who are capable of, and available for work, suspension of earnings due to an incapacity for work resulting from a morbid condition, permanent or persistent inability to engage in any gainful activity, treatment of any morbid condition including pregnancy, as well as loss of support suffered by a widowed individual or child as the result of the death of the provider.
For one to receive social security benefits, they must enroll to one of the following basic categories based upon the record of their earnings, these include retirement, disability, dependents, and survivors benefits.

For people to get retirements benefits, they need to have registered their details in the social security board of their country. Employees of covered employment who serve the companies for sufficient number of years and who retired at the age of sixty-two are eligible for retirement benefits. Besides, a candidate may start getting retirement benefits at any time after they have reached age sixty-two. Due to financial needs, a beneficiary may want to start getting retirement benefits even before they reach the full retirement age, in such a case, the benefits will be reduced by a certain amount.

Social security also covers the disabled people in a country. It is worth noting that disability benefits is for those who met the work requirements and are considered disabled under the Social Security program’s medical guideline.

In addition, people can also get dependents benefits under social security. Dependents benefits are entitled to people who are spouses of a retired or disabled worker who qualifies for Social Security retirement or disability benefits. In addition, the benefits are not only entitled to people who are spouses of retired or disabled workers but also their minor and their disabled children.

In the event that you are the surviving spouse of a worker who qualified for Social Security retirement or disability benefits, you and your minor or disabled children may be entitled to benefits. It is worth noting that when your qualification for survivors benefits program is also based on your deceased spouse’s earnings record.

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