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Benefits of Social Security

Every government provides financial assistance to the people with no or inadequate income, such assistance is referred to as social security.

Social security is also critical in promoting the welfare of the less privileged in the society through assistance to enable the victims get access to basic needs. The assistance is meant to enable them to access food and shelter and to promote health and well-being more so to potentially vulnerable segments such as children, the elderly, the sick and the unemployed.
For better understanding of social security, it is essential to know the contingencies covered by social security which include responsibility for the maintenance of children, suspension of earnings due to pregnancy and confinement and their consequences. Clients can also enjoy the following areas covered by social security these include suspension of earnings due to an inability to obtain suitable employment for protected persons who are capable of, and available for work, suspension of earnings due to an incapacity for work resulting from a morbid condition, permanent or persistent inability to engage in any gainful activity, treatment of any morbid condition including pregnancy, as well as loss of support suffered by a widowed individual or child as the result of the death of the provider.
For one to receive social security benefits, they must enroll to one of the following basic categories based upon the record of their earnings, these include retirement, disability, dependents, and survivors benefits.

It is vital for people to enroll to retirement benefits program under social security if they want to get assistance once they retire from work. Employees of covered employment who serve the companies for sufficient number of years and who retired at the age of sixty-two are eligible for retirement benefits. Besides, a candidate may start getting retirement benefits at any time after they have reached age sixty-two. In some cases, one may want to receive the payments before they reach the full retirement age, in such a case, the amount of the benefit will be reduced by a certain percentage.

Social security also covers the disabled people in a country. It is worth noting that disability benefits is for those who met the work requirements and are considered disabled under the Social Security program’s medical guideline.

The other type of benefits under social security that citizens of a country can be assured of enjoying is dependents benefits. Dependents benefits was meant for people who as spouse of a retired or disabled worker who qualifies for Social Security retirement or disability benefits. Your minors and disabled children are also entitled to dependents benefits.

Citizens of a country who are spouses of workers who qualified for Social Security retirement or disability benefits are the best candidates for survivors benefits program as well as their children. It is worth noting that when your qualification for survivors benefits program is also based on your deceased spouse’s earnings record.

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