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57 million people

Who Gets Benefits from Social Security?. 57 million people. 4.3 million Widows/ Widowers. 8.8 million Disabled Workers, 2.1 million Dependents. 1.9 million Dependent Children of Workers. 36.7 million Retired Workers 2.9 million Dependents. A Foundation for Planning Your Future.

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57 million people

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  1. Who Gets Benefits from Social Security? 57 million people 4.3 million Widows/ Widowers 8.8 million Disabled Workers, 2.1 million Dependents 1.9 million Dependent Children of Workers 36.7 million Retired Workers 2.9 million Dependents

  2. A Foundation for Planning Your Future

  3. Your Age When You Retire Affects Your Benefits If You’re A Worker and Retire: At age 62, you get less money permanently At your full retirement age, you get your full benefit You get even more money if you wait past your full retirement age

  4. Full Retirement Age If you were born between 1943 and 1954 Your full retirement age is 66

  5. How Social Security Determines Your Benefit Social Security benefits are based on earnings Step 1 Your wages are adjusted for inflation Step 2 Find the average of your 35 highest earnings years Step 3 Result is “average indexed monthly earnings”

  6. If You Work AND Receive Benefits …

  7. In Addition to the Retiree, Who Else Can Get Benefits? Your Spouse At age 62 At any age if caring for child under 16 or disabled Divorced spouses may qualify Your Child Not married under 18 (under 19 if still in high school)‏ Not married and disabled before age 22

  8. Who Can Get Survivors Benefits? Widow or Widower: Reduced benefits at age 60 If disabled as early as age 50 At any age if caring for child under 16 or disabled Divorced widows/widowers may qualify If Your Child Is: Not married under age 18 (under 19 if still in high school)‏ Not married and disabled before age 22

  9. Who Can Get Medicare? 65 & older OR Receiving Social Security disability benefits at least 24 months OR Permanent Kidney failure OR Amyotrophic Lateral Sclerosis (ALS)‏

  10. Medicare Coverage and Premiums Senior Linkage Line 1-800-333-2433 * May be more for higher income individuals – only affects 4% of total Medicare beneficiaries

  11. When Can I Sign Up for Medicare Part B? Medicare Enrollment Periods: • Initial – at age 65 • Special – if still working • General – January-March 62

  12. www.healthcare.gov

  13. mySocial Security • Your Online Account ... Your Control ... www.socialsecurity.gov/myaccount my

  14. How Do I Apply for Retirement Benefits? • Apply online at www.socialsecurity.govIt is the most convenient way to apply • Call Social Security to schedule an appointment • 1-800-772-1213 • Apply at your local Social Security office

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