What Are The Different Types of Social Security Benefits?
There are three main types:
Retired Worker With Auxiliary Considerations
The Retired Worker benefit is the subsistence every American receives if they have been employed long enough by a company, institution or organization that has been paying into the Social Security system. Partial benefits begin at the age of 62, full payments are available at the age of 70.
The amount of these Social Security benefits are based on employees salary and in the case of the self employed, no benefits are available unless contributions have been made during those self employment years.
A spouse or child of the retired worker may also receive benefits if they meet certain conditions:
- Spouse has child under the age of 16
- Child is disabled being cared for by retiree or spouse
- Spouse is 62 or older
These benefits are granted to members of a family in which the retired Social Security beneficiary has died. Instant transference of benefits to a surviving family member is not automatically granted. Certain conditions must be met before these benefits will be granted, these are:
- Spouse must be 60 or older or have a child under 16 years of age or child is disabled
- Spouse is disabled and is 50 years or older
- Dependent parent of the deceased, is at least 62 and has been in the direct care the deceased
Do not mistake the Social Security Disability Benefit Program (SSDI) with Supplemental Security Income (SSI). The SSDI program is directly related to a previously working family member who has become disabled. The SSI program provides for the disabled child independently.
Both SSDI and SSI must meet specific conditions to qualify and will need more expansive definition then this article space allows.
All types of Social Security benefits have been explained in brief. Check with a local Social Security office for more detailed information to see if your specific condition or stage of life will qualify you for benefits.