How to Receive Federal Retirement Benefits
All about Retirement Benefits – In 2011, almost 50 percent of the United States population resided in a household where one or more members received federal benefits.
Citizens receive benefits in cases of retirement, disability, economic dependency on a deceased partner, low wage and more.
Data shows that 60 percent of beneficiaries receive more than they pay in taxes.
This is a growing aspect of our nation, every year the number of households with beneficiaries rises.
Check out more about this Retirement Benefits
- Retirement benefits
- Types of benefits you can receive
- Assistance benefits
- Health benefits
- Programs for Specific Groups
- How to receive your benefits
- How to receive Retirement benefits
- How to receive Disability and Survivor Benefits
- How to receive Health Benefits
- How to receive benefits from Assistance programs
Retirement benefits are provided by the Old-Age, Survivors and Disability Insurance (OASDI).
The program provides monthly benefits in order to compensate in part for the loss of income due to retirement.
It is the most widespread Social Security Program, 96 percent of all jobs in United States are covered by it.
The reason for that is probably because eligibility for it is based on a no-means test; the benefits are paid regardless of income.
Types of benefits you can receive
The government has all sorts of benefit programs, including Social Insurance programs, Health Insurance programs, Assistance Programs and some other programs for specific groups.
There are two health benefits programs: Medicare and Medicaid.
Eligibility for Medicare requires the citizen to be at least 65 and to be eligible for Social Security benefits.
Medicaid eligibility is based on wage; only low-wage families and individuals can receive its benefits.
There is also Medigap, a small program designed specifically to cover benefits Medicare does not cover.
Medicare and Medicaid benefits are only valid inside the country’s territory.
There are many assistance programs, each with their own specific target beneficiaries and their own specific benefits.
The focus of all of the assistance benefits is aimed at helping low wage employees and their families.
The Temporary Assistance to Needy Families, also known as TANF, program provides work opportunities and assistance to needy families.
The Food and Nutrition programs provide food to low income families and individuals; the famous Food Stamp program is associated with this program.
The Housing assistance program provides benefits to help in the reconstruction, construction and acquisition of houses for needy families.
The Low-Income Home Energy Assistance program provide grants to help low-income households acquire home heating and cooling devices.
Programs for Specific Groups
The Programs for Specific Groups refer to a group of programs that target specific groups of workers.
The groups attended are military veterans, government employees in general and railroad workers.
The Veterans’ Benefits involve disability compensation for work-related and non work-related injuries and benefits for survivor relatives.
The Government Employee Retirement Systems program provides retirement, disability, and survivor benefits for employees of governmental institutions.
How to receive your benefits
Knowing what benefits there are and which benefits you are eligible for is very important.
However, that is of no value if you do not learn how to apply for and receive your rightfully earned benefits.
How to receive Retirement benefits
You are eligible to receive benefits once you reach your full retirement age, but you can start receiving them as early as 62 years old.
To apply for the Retirement benefits early you can go to a Social Security office or fill out the official application form on the SSA website.
How to receive Disability and Survivor Benefits
Disability and Survivor benefits are also covered by the Old-Age, Survivors and Disability
To apply for Disability benefits you can fill out the form online.
Remember, to be eligible for Disability benefits you have to be unable to work because of a medical condition.
The medical condition has to be expected to last for at least 12 months or to result in death.
You should apply for Disability benefits as soon as you can, because processing an application can take three to five months.
To be eligible for survivor benefits you need to be the spouse or child of a deceased worker who was eligible for Social Security.
How to receive Health Benefits
You can only start receiving Medicare once you are 65, or earlier in some rare cases,such as having a terminal illness.
You can apply for Medicare online even if you are not at age 65.
The form takes around 10 minutes to complete and it is very simple.
Medicaid is targeted at workers who cannot pay for health care at the moment.
The details to apply for Medicaid application depends on your state of residence and the official Medicare site has contact information for each state.
How to receive benefits from Assistance programs
There are many Assistance programs, but the eligibility criteria for all of them are somewhat similar; the beneficiaries need to receive a low-wage.
The information related to the application for each program is very extensive and cannot be fully discussed in this article.
Below are official government sites where you can find more information about each program:
- Supplemental Security Income
- Temporary Assistance for Needy Families
- Temporary Assistance for Needy Families
- Housing Assistance
- Low-Income Home Energy Assistance
- General Assistance
Beyond Federal Retirement Benefits see more about Social Security – Click here.
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