Monday, May 16, 2022

Can I Start My Social Security Benefits Online

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Report The Death Of A Social Security Or Medicare Beneficiary

How To Sign Up For My Social Security Account Online

You must report the death of a family member receiving Social Security or Medicare benefits. The Social Security Administration processes death reports for both. Find out how you can report a death and how to cancel benefit payments. In addition to canceling SSA and Medicare benefits, find out what other benefits and accounts you should cancel.

Social Security: Five Ways To Apply For Social Security Benefits Online

  • JONNA RENOSocial Security District Manager, Bloomington

We continue to make it easier for you to access our programs and benefits. Our website offers a convenient way to apply for benefits online.

You can apply online for:

Retirement or Spouse’s Benefits You must be at least 61 years and 9 months in age and want your benefits to start in no more than four months. Apply at www.ssa.gov/retireonline.

Disability Benefits You can use our online application, available at www.ssa.gov/disabilityonline, to apply for disability benefits if you:

o Are age 18 or older

o Are not currently receiving benefits on your own Social Security record

o Are unable to work because of a medical condition that is expected to last at least 12 months or result in death and

o Have not been denied disability benefits in the last 60 days. If your application was recently denied, our online appeal application, is a starting point to request a review of the determination we made. Please visit www.ssa.gov/benefits/disability/appeal.html.

Supplemental Security Income SSI is a federal income program funded by general tax revenues, and helps people who have little or no income and who are age 65 or older, blind, or have disabilities. If you meet certain requirements, you may apply online at www.ssa.gov/benefits/ssi. If you are not able to apply online, call your local Social Security office to apply.

Benefits For Your Children

When you qualify for Social Security retirement benefits, your children may also qualify to receive benefits on your record. Your eligible child can be your biological child, adopted child, or stepchild. A dependent grandchild may also qualify.

To receive benefits, the child must:

Benefits stop when children reach age 18 unless they are disabled. However, if the child is still a full-time student at a secondary school at age 18, benefits will continue until the child graduates or until two months after the child becomes age 19, whichever is first.

Benefits paid for your child will not decrease your retirement benefit. In fact, the value of the benefits they may receive, added to your own, may help you decide if taking your benefits sooner may be more advantageous.

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If You Work While Getting Social Security

Yes, you can work full or part-time while also getting Social Security retirement benefits. However, if you have not yet reached your full retirement age, and if your net income from working is higher than the annual earnings limit, your annual benefits will be reduced. Beginning in the month you reach full retirement age, Social Security will stop reducing your benefits no matter how much you earn.

During any full calendar year in which you are under full retirement age, Social Security deducts $1 from your benefit payments for every $2 you earn above the annual net income limit. The income limit changes every year. In 2017, the income limit was $16,920.

Withdrawing Both Social Security And Medicare Benefits

How to look up your future Social Security benefits online ...

There is additional information to consider if you also withdraw your Medicare coverage.

  • You must repay all Medicare Part A benefits paid on your behalf.
  • Your Medicare Part B coverage is treated as a voluntary termination. You will have Part B coverage for the month you requested the withdrawal and the next month.
  • If you file for benefits and Medicare again later, your Part B premiums may be higher due to your late enrollment.

Withdrawing from Medicare Part A or Medicare Part B can also affect your coverage under a Medicare Advantage plan and Medicare Part D .

  • Your Medicare Advantage enrollment will automatically end if you withdraw from Medicare Part A, Part B, or both.
  • You will no longer be eligible for Medicare Part D if you withdraw from Medicare Part A and Part B. You will pay a penalty if you enroll in Medicare Part D in the future.
  • If you keep Part A or Part B, you are still eligible for Medicare Part D.

The Centers for Medicare & Medicaid Services will handle your future bills for Part B premiums if you decide to keep that coverage. You can choose to pay the bill automatically from your bank or financial institution.

You may need to have a personal interview if you want to terminate Part B. Learn more about terminating Medicare Part B.

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How Do You Apply

You can apply online by using our Social Security Retirement/Medicare Benefit Application to apply for retirement, spouse’s, divorced spouse’s or Medicare benefits.

If you and your spouse apply online for retirement benefits at the same time, or if your spouse applies online after you start receiving benefits, we will check their eligibility for benefits as a spouse. If they are qualified, the online application will automatically include a request for spousal benefits on your record.

If your spouse applies for benefits, they need to be ready to supply the information we need to approve their application for these benefits:

How A Social Security Break

Figuring out the right time to start taking Social Security benefits isnt always a straightforward process. A Social Security break-even calculator can help you get some perspective on the numbers so you know what you stand to gain or lose by taking benefits earlier versus later.

Social Security break-even calculators help you find the best age to start taking retirement benefits. They do this by comparing your cumulative Social Security retirement benefits paid at age 62, your full retirement age and at age 70 and estimating how long it would take the benefits paid at age 70 to break even with benefits paid starting at age 62.

Heres a simple calculation to give you an idea of how a Social Security break-even calculator works. Say that you have the option to begin receiving $1,200 a month in benefits at age 62. Youd receive $1,700 in benefits if you wait until full retirement age at 66. Or you could receive $2,200 a month in benefits by delaying them until age 70.

The break-even point represents when the cumulative benefits even out. So if you wait until age 70 to start taking benefits, it would take you until age 79 to break even with the benefit amount youd receive if you started taking them at age 62. If you were to start receiving benefits at age 66, it would take you until age 75 to break even with the benefits youd receive if you started them at 62.

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An Advanced Claiming Strategy

If you or your spouse reached age 62 by the end of 2015, you qualify for a Social Security claiming strategy called restricted application.

Here’s how it works: The younger spouse claims Social Security benefits based on his or her own earnings record.

When the older spouse reaches full retirement age , he or she files a restricted application for spousal benefits only. At that point, both spouses are claiming benefits based on the younger spouse’s earnings record.

Then, at age 70, the older spouse claims benefits based on his or her own earnings record, which have increased to 132% of what that spouse would’ve been eligible for at FRA.

See how it works:Restricted application

Getting A Social Security Number For A New Baby

How Do I Apply For My Social Security Retirement Benefits Online – Documents Needed To Apply For SSI

The easiest way to get a Social Security number for your child is at the hospital after they are born when you apply for your childs birth certificate. If you wait to apply for a number at a Social Security office, there may be delays while SSA verifies your childs birth certificate.

Your child will need their own Social Security number so you can:

  • Claim your child as a dependent on your income tax return
  • Open a bank account in their name
  • Get medical coverage for them
  • Apply for government services for them

Keep your Social Security card in a safe place to protect yourself from identity theft.

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Whats Full Retirement Age

Full retirement age is when youre eligible to receive full Social Security benefits. Your full retirement age depends on your birth year: Under current law, if you were born in 1951 or later, your full retirement age is now some point after age 65all the way up to age 67 for those born after 1959. If you were born before 1951, youve already reached age 66 and full retirement age.

Retirement ages for full Social Security benefits

If you were born in

Your full retirement age is

1950 or earlier

How Much Will My Spouse Receive

If your spouse qualifies for benefits on their own record, we will pay that amount first. If the benefit on your record is higher, they will get an additional amount on your record so that the combination of benefits equals that higher amount.

If they begin receiving benefits:

If your spouse will receive a pension for work not covered by Social Security such as government employment, the amount of their Social Security benefits on your record may be reduced.

at any age

Benefits paid to your spouse will not decrease your retirement benefit. In fact, the value of the benefits they may receive, added to your own, may help you decide if taking your benefits sooner may be more advantageous.

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Spouses Who Dont Qualify For Their Own Social Security

Spouses who didnt work at a paid job or didnt earn enough credits to qualify for Social Security on their own are eligible to receive benefits starting at age 62 based on their spouses record. As with claiming benefits on your own record, your spousal benefit will be reduced if you take it before reaching your FRA. The highest spousal benefit that you can receive is half of the benefit that your spouse is entitled to at their FRA.

While spouses get a lower benefit if they claim before reaching their own FRA, they will not get a larger spousal benefit by waiting to claim after their FRAsay, at age 70. However, a nonworking or lower-earning spouse may get a larger spousal benefit if the working spouse has some late-career, high-earning years that boost their benefits.

What About Taxes On Social Security

My Social Security

Keep in mind that Social Security benefits may be taxable, depending on your combined income. Your combined income is equal to your adjusted gross income , plus non-taxable interest payments , plus half of your Social Security benefit.

As your combined income increases above a certain threshold , more of your benefit is subject to income tax, up to a maximum of 85%. For help, talk with a CPA or tax professional.

In any case, if youre still working, you may want to postpone Social Security either until you reach your full retirement age or until your earned income is less than the annual limit. In no situation should you postpone benefits past age 70.

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Social Security And You: Benefit Starting Date Confusion

    Q: I turn 66 in January and want benefits to start then. A few weeks ago, I filled out the claim forms online. One of the questions asked when I want my benefits to start. Knowing that Social Security checks are sent out one month in arrears, I answered by indicating February, because the January check comes in February.

    Now I just received an award letter telling me my first month of eligibility is February, with the check to come in March. What went wrong? What can I do about it? And can they rephrase the question on the application form?

    A. In my opinion, you were overthinking the question. When the retirement application form asks, Which month do you want benefits to start? it is asking just that. It isnt asking you which month do you want your first check to physically be sent to you. In your question to me, you said you want your benefits to start effective with the month you turn age 66. And that is January, and thats the way you should have answered the question.

    In all of my years dealing with these issues, Ive never heard anyone else complain about this. So Im not really sure if the online application form needs to be rewritten. But if some of my old colleagues at the Social Security Administration are reading this and have heard similar complaints from other website users, they might want to think about clarifying the question.

    Over the years, Ive heard thousands and thousands of people refer to their Social Security checks.

    Tom Margenau

    What Happens If I Work And Get Social Security Retirement Benefits

    You can get Social Security retirement benefits and work at the same time. However, if you are younger than full retirement age and make more than the yearly earnings limit, we will reduce your benefit. Starting with the month you reach full retirement age, we will not reduce your benefits no matter how much you earn.

    • We use the following earnings limits to reduce your benefits: If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit.

    For 2021 that limit is $18,960.

    • In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit, but we only count earnings before the month you reach your full retirement age.

    If you will reach full retirement age in 2021, the limit on your earnings for the months before full retirement age is $50,520.

    Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings.

    Use our Retirement Age Calculator to find your full retirement age based on your date of birth.

    Use our Retirement Earnings Test Calculator to find out how much your benefits will be reduced.

    What counts as earnings:

    Your benefits may increase when you work:

    When youre ready to apply for retirement benefits, use our online retirement application, the quickest, easiest, and most convenient way to apply.

    If you need to report a change in your earnings after you begin receiving benefits:

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    Make Payments To The Federal Government

    Learn how to use Pay.gov to make secure, electronic payments to government agencies from your checking or savings account. You can use the online service for VA medical care copayments, U.S. district court tickets, U.S. Coast Guard merchant mariner user fee payments, and more.

    If you need help, contact Pay.gov customer service.

    What If I Take Benefits Early

    How To: Get a Benefit Verification Letter

    If you choose to receive your Social Security check up to 36 months before your full retirement age, be aware that your benefit is permanently reduced by five-ninths of 1% for each month.

    If you start more than 36 months before your full retirement age, the benefit is further reduced by five-twelfths of 1% per month, for the rest of retirement.

    For example, lets assume that you stop working at age 62. If your full retirement age is 66 and you elect to start benefits at age 62, the reduced benefit calculation is based on 48 months. This means that the reduction for the first 36 months is 20% and 5% for the remaining 12 months. Overall, your benefits would be permanently reduced by 25%.

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    Can I Get Social Security If I Work

    Yes, you can receive Social Security benefits while you are still working. If youve reached full retirement age, you can work and earn as much as youd like and receive full benefits. If youre under full retirement age, your benefits will be reduced temporarily. The money is not lost, however. Social Security will credit it to your record when you reach full retirement age, resulting in a higher benefit.

    The reduction is $1 for every $2 of earned income over $18,960 in 2021 for those younger than full retirement age. During the year when you reach full retirement age, your benefits will be reduced by $1 for every $3 in income over $50,520 in 2021. That continues until the month when you become fully eligible.

    Retirees can contribute to individual retirement accounts as long as they have earned income. However, Social Security benefits are not considered earned income for this purpose.

    How Does The Spousal Benefit Work

    The Bipartisan Budget Act of 2015 tightened some of the rules on spousal benefits, eliminating several strategies that couples once used to maximize how much they received. However, spouses can still claim benefits regardless of whether they ever held paid jobs, based on their partners record. To qualify, the spouse with a work record must already be receiving retirement or disability benefits, and the non-working spouse must be at least age 62.

    As with other Social Security benefits, spousal benefits are permanently reduced if the nonworking spouse starts to collect before reaching full retirement age. If the non-working spouse waits until full retirement age, then they will receive a spousal benefit of up to 50% of their partners full retirement benefit.

    Spouses who are widowed become eligible for 100% of their partners full benefit unless they also had a job and the benefit that theyve earned through their income is higher. Generally, the widowed spouse must be at least 60 years of age to receive benefits from the deceased spouses record, and the amount will be reduced if the surviving spouse elects to receive benefits before their full retirement age.

    In addition, should the surviving spouse remarry before age 60, they will forfeit the deceased spouses benefit. In some cases, divorced spouses are also eligible for spousal benefits based on their former partners record.

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