Most people think of retirement benefits when Social Security is discussed, but there are other types of Social Security benefits for people who are unable to work due to disability, survivor’s benefits, and Supplemental Security Income (SSI) benefits. Below we look at the different types of benefits that are available through the Social Security Administration.
• Retirement benefits: These benefits are paid to individuals who have reached full retirement age (currently 67 years old for those born in 1960 or later) and have worked for a certain number of years. The amount of retirement benefits is based on the individual’s earnings history and the age at which they begin receiving benefits.
• Disability benefits: These benefits are paid to individuals who are unable to work due to a physical or mental disability that is expected to last at least one year or result in death. The amount of disability benefits is based on the individual’s earnings history and the severity of their disability.
• Survivor benefits: These benefits are paid to the surviving spouse and/or children of a deceased worker who had paid into the Social Security system. The amount of survivor benefits is based on the deceased worker’s earnings history.
• Supplemental Security Income (SSI): This is a needs-based program that provides financial assistance to low-income individuals who are aged, blind, or disabled. The amount of SSI benefits is based on the individual’s income and resources.
If you are interested in learning more about the different types of Social Security benefits you may be eligible for if you are unable to maintain gainful employment due to physical or mental health impairments and would like a free consultation contact Greeman Toomey PLLC at 612-332-3252.
