Through the Social Security Administration (SSA), the government aims to assist its citizens by providing benefits that should help them with their financial needs because of retiring from work, accommodating a disability, or even the sudden loss of their financial provider at home.
Generally, the agency handles two programs that would suit the needs of their applicants. One of them is for workers who can pay social security taxes while the other takes its funds from the general taxes and so even those who failed to complete the necessary social security tax payments can qualify.
Once a worker becomes disabled, he may be eligible to receive disability benefits from the SSA. In order to do so, he must be able to produce proof that he has paid enough social security taxes and that his condition is determined to last for up to at least twelve months or can result to death.
Aside from the worker, his child may also receive the said benefits provided that the condition was acquired before reaching the age of 22.
Retirement Insurance Program
As with SSDI, applicants for SSA's retirement program must also have sufficient points by paying their social security taxes. Applicants can either apply for early retirement with reduced benefits or wait until they reach their full retirement benefits and receive their full benefits.
Keep in mind that one's full retirement age depends on the date of his birth. So, be sure to contact SSA personnel who can assist you planning your retirement and estimating your benefits.
Survivors Insurance Program
Once a worker who paid enough social security taxes dies, his benefits can be extended to his family members including his widow/widower who may be eligible to receive the retirement or the disability benefits that his spouse was entitled to.
Aside from the widow/widower, the benefits of the demised can also be extended to his child who has incurred disability before reaching the age of 22 as well as his dependent parents who are aged over 62.
Supplemental Security Income (SSI) Program
These are given to the blind, disabled, and elderly with limited income and resources. Unlike the other insurance programs, the applicant need not pay social security taxes while working as the funds for these benefits are taken from the general taxes.
Here, the applicants must only prove the severity of their condition and their inability to have sufficient earnings and resources.