The Social Security Administration (SSA) administers the three federal benefits that are funded through your social security taxes.
These are retirement, survivor and disability insurance or your RSDI benefits.
Here is an overview of each benefit to help you in making your RSDI claims:
This refers to the benefits that you can receive once you plan to retire.
The amount of your monthly retirement benefits will be based on your total contributions and the age at which you decide to retire.
If you do decide to retire early, the amount that you will receive will be lower but if you decide to retire at the full retirement age, your benefits will also be significantly higher.
The logic behind it is that if you do retire early you will be enjoying your benefits longer.
The full retirement age also varies and will depend on the year of your birth (check SSA website for details)
Generally, you can retire between the age of 62 and 70.
This refers to the benefits that are given to certain members of the family after a qualified person dies.
Generally, your family will only be eligible to receive survivor benefits after you worked up to ten years and consistently paid social security taxes.
The family members who may receive your survivor benefits are:
Â· Widow or widower at retirement
Â· A disabled widow or widower once he/she reaches 50
Â· Widow or widower who has to take care of your underage or disabled child
Â· Unmarried children who are under 18-years-old
Â· Children who were disabled before the age of 22
Â· Parents who are 62 or older
This refers to the Social Security Disability Insurance (SSDI), which provides monthly income to employees who sustained a long-term disability.
The amount will be based on your work history and amount of contributions.
Generally, the amount will be equal to your retirement benefits at full retirement age.
To qualify for SSDI, you have to:
Â· Have a physical or mental disability that severely limits your ability to perform substantial gainful activities.
Â· Have a disability that should last at least 12 months, or may result in death
Â· Be under 65
Â· Have worked at least 5 years from the last 10 years.
SSDI has one of the most complicated policies and regulations in the US, so it is advisable to hire the services of an expert disability attorney to help you prepare a strong claim.