2023-08-29 02:26:01
Did you know that the Social Security Administration The SSA, which is a federal government program, has several types of beneficiaries. In this note we tell you what types of insurance there are.
Social Security benefits nearly every family, and at some point, will impact the lives of nearly everyone in the US, whether or not they contributed. And it is that the federal program provides you with a source of income when you retire, in case you cannot work or due to a disability. You can also give financial assistance to your legal dependents after your death.
HOW MANY PEOPLE CONTRIBUTE TO SOCIAL SECURITY AND HOW MANY ARE BENEFICIARIES?
As of June 2022, about 182 million people worked and paid Social Security taxes and about 66 million people received monthly Social Security benefits, according to data from the SSA.
Most of the beneficiaries are retired people and their families, approximately 51 million people in the month of June 2022.
WHAT ARE THE TYPES OF SOCIAL SECURITY IN THE UNITED STATES?
There are four main types of Social Security benefits, reports UsaGov. Learn about each:
Retirement benefits: the benefit for social security retirement it is a monthly check that replaces part of your income when you reduce your hours or stop working altogether. It may not replace all of your income, so it’s best to find other ways to pay your monthly expenses as you get older. Social Security Disability Insurance (SSDI): The program for SSDI provides assistance to people who meet disability requirements. It is in charge of the benefits of the affected certain members of your family if you are “insured.” Supplemental Security Income (SSI): The SSI provides financial support to disabled adults and children who have limited income and resources, as well as people age 65 and older who do not have disabilities but have limited income and resources. Benefits for surviving spouses and dependents of a deceased relative: Social Security survivor benefits they are paid to surviving spouses, and dependents of workers who are entitled to receive them. This benefit is particularly important for young families with children.
HOW DO I KNOW IF I OWN A SOCIAL SECURITY PAYMENT?
If you want to know whether or not the payment of the Social Security check corresponds to you, you simply have to enter the website of the government entity, which you can access by doing CLICK HERE.
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