Monday, May 16, 2022

How To Get Back On Social Security

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How To Get A Social Security Card

How long does it take to receive back payments from Social Security?
  • Gather your documents. Learn what documents you’ll need to get a card. Select your situation:
  • Adult or child
  • Original, replacement, or corrected card
  • U.S. born citizen, foreign born U.S. citizen, or noncitizen
  • Apply online for a replacement card. Apply online if youre not changing anything on your card and you are eligible. This option is available in most states. You will need to make a my Social Security account first. Or complete an application. If you can not apply online, fill out an application and return it to the SSA. Find out where to take it in person or mail it.
  • What Is A Continuing Disability Review

    The Social Security Administration is required periodically to review the cases of all people who are receiving disability benefits. Usually cases are reviewed every three years but some cases are reviewed more often. Sometimes the decision will direct the Social Security Administration to conduct a review at a certain time. Often the Notice of Award will tell you when to expect a review.

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    Calculating Your Ssi Payment

    Here is an example of how the SSA takes into account your income in calculating your SSI payment. Lets say Maria makes $625 per month from a part-time job, before taxes. Because the SSA wont count the first $20 of any income per month, or the first $65 of earnings, this leaves Marias countable income at $540 . Finally, the SSA doesnt count half of Marias remaining earnings, or $270 in Marias case. So, out of the $623, the SSA only counts $270 as countable income and will subtract $270 from Marias SSI payment. Marias monthly payment will be $524 .

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    Most Social Security Disability Beneficiaries Will Qualify For Back Pay

    You have been waiting over six months for your Social Security disability application to be approved. At this point, youre not wondering what will happen if your claim is deniedyoure wondering if youll be able to pay all of your overdue bills if your benefits actually come in.

    The Social Security Administration knows that the disability claims process can take a long time from application to approval. For this reason, nearly all claimants who are awarded benefits will also be granted past due disability benefits, or disability “back pay” dating back to the filing date of the original application.

    If You Qualify For Qmb Slmb Or The Qi Program You Also Qualify To Get Extra Helpbenefits These Benefits Help Pay For Medicare Prescription Drug Coverage


    Please fill out an application if you think you qualify for a Medicare Savings Program. Even if your income and resources are above the limits set by the Centers for Medicare and Medicaid Services every year. Making the decision to call your State Medicaid program to see if you qualify could result in getting $148.50 back on your Social Security benefit every month.

    Dont let the commercials and ads you receive confuse you. Explore your Medicare options with a local independent and licensed agent. You will have a local resource at your fingertips willing and able to help with your Medicare needs.

    Contact a Medicare Team Member

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    Appealing An Expedited Reinstatement Denial

    If your request for expedited reinstatement is denied, you have 60 days from the date you receive your denial letter to file a Request for Reconsideration. DDS will reconsider your application to see if it made a mistake.

    If your Request for Reconsideration is denied, you have sixty days to request for a hearing in front of an administrative law judge . This appeal process is very similar to the appeal process for initial disability applications. See Nolo’s section on Social Security disability appeals for more information.

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    How Can I Get Social Security Disability Back Payments

    In most cases, applicants whose benefits are approved will receive back pay in one lump sum, paid separately from your monthly disability benefit check. How much you are entitled to receive in back pay depends on three factors:

    Want to be sure youre getting the full amount of benefits youre entitled to? Read the related links on this page or email us at to find out how we can help you get back pay.

    Related Links:

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    How To Stop Social Security Check Payments

    The SSA can not pay benefits for the month of a recipients death. That means if the person died in July, the check received in August must be returned. Find out how to return a check to the SSA.

    If the payment is by direct deposit, notify the financial institution as soon as possible so it can return any payments received after death. For more about the requirement to return benefits for the month of a beneficiarys death, see the top of page 11 of this SSA publication.

    Family members may be eligible for Social Security survivors benefits when a person getting benefits dies. Visit the SSA’s Survivors Benefits page to learn more.

    Make Payments To The Federal Government

    Can I really get $144.60 added back to my Social Security check?

    Learn how to use 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 customer service.

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    How Are Payments Received

    Back pay, disability benefits and retroactive payments are all made through direct deposit, in most circumstances. You may receive back pay up to 60 days after approval of your application. Back payments are usually completed via a lump sum deposit.

    If you are owed more than three times the Supplemental Security Income Federal Benefit, your back pay will be sent out in three installments.

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    How Long Does It Take To Recoup The Social Security You Paid Into The System

    Studies show most workers get back everything they’ve personally contributed to Social Security within about 3 to 5 years of starting their benefits.

    Two women dining at an outdoor parklet on Main Street in Santa Monica.

    Ask Rusty If I Die, What Happens to the Social Security Taxes I Paid?

    Dear Curious: The Social Security taxes paid while you and your wife were working weren’t deposited into a personal account for each of you rather they were used to pay benefits to those collecting Social Security at the time. That’s the way the program has worked since enacted in 1935 and the way it still works today. The money you contributed has already been used to pay benefits to others. However, hopefully you and your wife will live to claim your own benefits, and what you get when you claim will be based upon your earnings record over your entire lifetime . Those historical earnings are adjusted for inflation and your lifetime average monthly earnings amount is determined, from which your base benefit is calculated. Just as you and your wife helped pay for those getting SS benefits while you were working and paying into Social Security, those now working and paying into the program will help pay benefits to you and your wife.

    One final note for those who contend they could do better investing that money on their own: Not paying Social Security tax on employment earnings isn’t a personal option.

    Young woman on a scooter near a bank by ML

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    Eliminated The Stretch Provision

    The SECURE Act removed the stretch provision, which previously allowed non-spousal beneficiaries to withdraw the required minimum distributions from an inherited IRA until the account was depleted. Non-spousal beneficiaries must withdraw all of the funds in 10 years following the death of the original account holder, a requirement put in place on Jan. 1, 2020.

    Delay Claiming Social Security Benefits

    How Long to Get Social Security Back Pay?

    The simplest way to increase your monthly payments is to delay claiming Social Security benefits. The Social Security Agency allows all Americans to start benefits at the early retirement age of 62, but doing so can reduce your monthly payment paycheck.

    If you choose to begin receiving Social Security early, for each month there is between when you start and your full retirement age you lose about half a percentage point of the total value you would have earned if youd waited.

    You could miss out on up to 30% of the monthly payment youd be entitled to at your full retirement age by starting early. If you would receive a monthly benefit of $1,500 at your full retirement age of 67, for instance, starting benefits early at age 62 would reduce that amount to $1,050.

    Waiting to start Social Security benefits until after your full retirement age can boost your monthly benefit. According to Eric D. Brotman, CEO of BFG Financial Advisors, there is an 8% annual increase in benefits due for each year you wait from full retirement age through 70.

    That means the $1,500 benefit at age 67 could increase by 24% to $1,860 per month if you wait until 70thats the age at which you must begin payments. Just dont wait until after age 70 to start payments.

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    Think Of Social Security As An Annuity

    “Given todays longevity, it is more important than ever to maximize your Social Security benefit. Think of this as an annuity for your lifetime,” says Charlotte A. Dougherty, CFP®, founder of Dougherty & Associates, Cincinnati, Ohio.

    “Social Security is the only 8% guaranteed investment around. Not only that, it is backed by the federal government,” says David Hunter, CFP®, Horizons Wealth Management, Inc., Asheville, N.C.

    Although there are many planning options for maximizing Social Security benefits, they can be complex and only apply in certain circumstances. The following five planning tips are ones that everyone should know about in order to increase the size of their Social Security checks.

    Change In How You Report Earnings

    The Social Security Administration bases its benefit calculations on earnings reported on W-2 forms and on self-employment tax payments. Most individuals are not required to send in an estimate of earnings.

    However, the Social Security Administration does request earnings estimates from some recipients: those with substantial self-employment income or those whose reported earnings have varied widely from month to month, including people who work on commission. Toward the end of each year, Social Security sends those people a form asking for an earnings estimate for the following year. The agency uses the information to calculate benefits for the first months of the following year. It will then adjust the amounts, if necessary, after it receives actual W-2 or self-employment tax information in the current year.

    Once a beneficiary reaches full retirement age, his or her income will no longer be checked. Because there is no Social Security limit on how much a person can earn after reaching full retirement age, there is nothing to report.

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    What If My Social Security Card Was Stolen

    If you’re replacing your Social Security card because it’s been stolen, there are several precautions you should take immediately to reduce your risk of identity theft. Your Social Security number is a very important piece of personally identifiable information that can be used to open new credit accounts in your name, among other things, if it falls into the wrong hands.

  • Alert the authorities. You should contact local law enforcement to file a crime report. You’ll need this later on when you alert other agencies and take action to restrict access to your credit file.
  • Add a fraud alert. Adding a fraud alert to your credit files lets creditors know you’ve been a victim of fraud or worry you may be a victim in the future. A fraud alert instructs creditors to take extra steps to verify your identity before granting any new credit in your name. Placing a fraud alert with any one of the three major credit bureaus will automatically alert the other two to do the same.
  • Check your credit. It’s important to monitor your credit carefully after your Social Security card is stolen. If an identity thief uses it to take out a credit card or loan in your name, it will appear on your credit file. With Experian, you can check your credit report and scores for free every 30 days and get free credit monitoring.
  • How Social Security And Medicare Tax Is Paid

    How Does Social Security Disability Back Pay Work?

    If you are an employee, FICA taxes are withheld from your paycheck along with income tax.

    The Social Security portion of the FICA tax is subject to a cap$137,700 in 2020, and $142,800 in 2021. This is referred to as the “wage base.” You do not owe Social Security tax on income you make over this amount.

    If you work for yourself rather than an employer, FICA taxes are your self-employment tax. You must make quarterly estimated payments to the IRS for your FICA taxes if you are:

    • Self-employed
    • A sole proprietor
    • A member of a single-member LLC
    • A partner in a business that has elected to be treated as a partnership for tax purposes

    If you pay the self-employment tax, you must pay the full 15.3% to cover both the employee and the employer portions. However, you can claim an above-the-line tax deduction as an adjustment to income for half of this amount.

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    Report The Death Of A Social Security Or Medicare Beneficiary

    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.

    How To Calculate The Marginal Social Security Benefit Increase For Additional Years Of Income

    Of course, the caveat is that determining whether an upcoming years worth of earnings may be higher than historical inflation-adjusted earnings requires first determining what those historical earnings were on an inflation-adjusted basis. This can be estimated by first obtaining the individuals Social Security work history, which can be found by logging into the individuals My Social Security online account, or drawn directly from his/her Social Security statement. Once those historical earnings are found, they can be adjusted using the National Wage Index adjustment factors , to determine what the inflation-adjusted historical earnings amounts really were.

    Obtaining the list of year-by-year historical earnings from the Social Security work history record is ultimately necessary for two reasons. First, its necessary to determine which of the three bend points the Social Security income replacement rates will apply, as theres a big difference in benefit between the 90%, 32%, and 15% levels! Second, having historical inflation-adjusted earnings makes it possible to compare the upcoming years earnings to the lowest historical inflation-adjusted year, to determine the income difference and prospective increase in AIME.

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    Social Security Work Penalties Determined By Your Age

    There are no penalties for receiving Social Security and working at the same time if you have reached your full retirement age. After your full retirement age, you can earn as much money as you like without incurring any penalties.

    Your full retirement age is determined by your birthday. For reference: If you were born between 1943 and 1954, then your full retirement age is 66. If you were born in 1960 or after, then your full retirement age is 67.

    It is important to note that the rules described here are for Social Security retirement benefits. There are different rules for disability or supplemental security income payments.

    For more information, you can consult the Social Security Administrations Retirement Benefits Planner website.

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