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49 Million People PowerPoint Presentation
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49 Million People

49 Million People

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49 Million People

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  1. Who Gets Benefits from Social Security? 49 Million People 4.7 million Widows/ Widowers 6.8 million Disabled Workers and 1.8 million Dependents 31 million Retired Workers and 3 million Dependents 1.9 million Children 6/2006

  2. Social Security’s Benefit Programs RSDI Retirement, Survivors, Disability Insurance Medicare SSI Supplemental Security Income Medicaid Concurrent o SSI needs based o Low income and resources o SSI pays individual, no family benefits o Aged, disabled or blind o Financed by General Revenue Funds • o Based on Work • o Pays benefits to the worker and family • members if eligible • o Financed by FICA taxes

  3. RSDI Varies - Based on your lifetime earnings Credits Earned (insured Status) SSI $637 max. Other income may reduce benefit • Amount of Payment

  4. 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 work past your full retirement age

  5. 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

  6. 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

  7. Who Can Get Disability Benefits? Worker Must have paid into Social Security five out of last 10 years Spouse At age 62 At any age if caring for child under 16 or disabled Divorced spouses may qualify

  8. Social Security’s Benefit Programs RSDI Retirement, Survivors, Disability Insurance Medicare SSI Supplemental Security Income Medicaid Concurrent o SSI needs based o Low income and resources o SSI pays individual, no family benefits o Aged, disabled or blind o Financed by General Revenue Funds • o Based on Work • o Pays benefits to the worker and family • members if eligible • o Financed by FICA taxes

  9. Medicare Coverage • 65 & older • Receiving Social Security disability • benefits at least 24 months • Part A Hospital Insurance • Covers most inpatient hospital expenses. • 2008 Deductible $1024 • Part B Supplementary Medical Insurance • Covers 80% doctor bills & other outpatient medical expenses after 1st $135 in approved charges. • 2008 Monthly Premium $96.40 • Part D Medicare Prescription Drug Plan • Covers a major portion of prescription drug costs. • Monthly Premiums Vary by Plan

  10. Social Security Improves Service to Disabled Military Service Members Expedited processing of disability claims for men and women serving in the U.S. military who become disabled while on active duty The expedited process is for military service members disabled on or after October 1, 2001, and is applicable regardless of where the disability occurs Social Security also expedites survivors claims Development of an easy-to-use website - www.socialsecurity.gov/woundedwarriors - that provides information about Social Security and military service. The website also includes a link to apply for disability benefits online An agreement with the Department of Veterans Affairs (VA) for the VA to electronically provide Social Security with the medical records of veterans applying for disability benefits This agreement enables us to get medical records quicker and more efficiently and helps us expedite the disability determination

  11. Supplemental Security Income Who Can Get SSI? Age 65 or older Blind– any age Disabled– any age Limited Income Limited resources U.S. citizen in most cases Financed by General Revenue

  12. Medicare Prescription Drug Benefit: Application for Extra Help

  13. Help to pay for Medicare Prescription Drug Benefit Premiums Deductibles Co-payments What is the extra help?

  14. Full: Full premium assistance Partial: Sliding scale premium Lower deductible & co-payments Extra Help Categories

  15. Medicare beneficiaries with limited income and resources Income ind = $15,600 couple = $21,000 Assets ind. $11,990 couple 23,970 Who is eligible for the help?

  16. People who are automatically eligible for the extra help Medicare and Medicaid Medicare Savings Programs (QMB, SLMB, QI) Medicare and SSI Do not have to complete an application States work with CMS to process extra help for deemed population Deemed Population

  17. All Other Medicare beneficiaries who have limited resources and low income Must apply for extra help Not Deemed Population

  18. Internet application Scannable application Phone with SSA At SSA office Outreach event With SSA or other organization How to Apply for Extra Help

  19. Can appoint personal representative to sign up for the extra help SSA will notify beneficiary whether eligible for subsidy Can appeal the decision Decision effective for one year Other Extra Help Information

  20. Social Security Administration: www.socialsecurity.gov 1-800-772-1213 Center for Medicare and Medicaid Services: www.medicare.gov 1-800-633-4227 For More Information