Benefits Just At Hand with Social Security

April 17, 2005 (PRLEAP.COM) Business News
There are basically 5 major categories that people could choose on in accordance with the benefits that they want to acquire through Social security taxes, and these are disability, retirement, survivors, family benefits and of course Medicare.

For disability, the benefits are payable at any age to people who have enough credits and who have a severe mental or physical impairments that is why he is prevented from doing work for a certain period of time that will to expect his death.

Full payments for retirement are payable at the age of 65 and a reduced benefit program at age 62 for elderly who have enough credits. The age at which full benefits are paid will rise for future years. However, for those with delayed retirements over age 65 has increase in their benefits.

For instance a person died, certain members of the family eligible for the benefits should earn enough credits while still working. Those survivors (family members) include like, the widow with age from 60 and above, 50 and disabled and of any age and caring for a child under 16, if the children are unmarried and under 18 and the parents if they are under the benefactor’s primary means of support. Then anyone of those would benefit the record and of course the credits.

The family benefits that include if the person is eligible for retirement or disability benefit and other members of the family might receive benefits too depending upon the situation and the available credits. The spouse if 62 or under but caring for a child under 16, and the children were unmarried and under 18 and lastly, children still in school or over 18 yet disabled could be eligible for the credits available.

There could be 2 parts in Medicare, hospital insurance and medical insurance. People who acquire Social Security at over 65 are automatically qualified for Medicare. It helps pay for inpatient hospital care, skilled nursing care and many others. As well as it helps doctor’s fees, outpatient hospital visits and other medical supplies and services.

It will be a worry-free and hassle-free experience if you have been prepared for your future needs especially if you will be old already. The benefits are just within your reach provided that everything that you have been shared with Social Security is credited properly. You are very much sure and affirmed that you are in good hands.


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