1. Social Security: With You Through Life’s Journey…
(2019 Universal PowerPoint)
Notes to speaker:
You may want to add the name of the organization or event (seminar, conference, workshop, etc.) and the date of the event to this slide by clicking Insert, then clicking Text Box, and typing in the details.
DO NOT remove the taxpayer expense disclaimer from this slide, as it is now required by law.
Be sure to thank the person who invited you to speak, thank the organization for making SSA a part of today’s event, and make a few introductory comments (such as how long you have worked at SSA, your job title, and why you feel Social Security is relevant to this event/organization).
BEGINNING OF SPEAKER’S FORMAL SCRIPT:
For more than 80 years, Social Security has helped secure today and tomorrow by providing benefits and financial protection for millions of people throughout their life’s journey.
Social Security touches the lives of every American, both directly and indirectly. As you consider the information that you are about to receive, I encourage you to think about all the ways Social Security has been linked to your life – and the lives of your loved ones.
Produced at U.S. taxpayer expense

2. Other Income Pension Social Security Savings & Investments
You may have heard of the “three-legged stool” of retirement, and these days, we like to remind people about investments and other income, as well.
For the average worker, Social Security will only replace about 40% of your pre-retirement earnings. Therefore, you will need additional income sources such as pensions, savings, investments, and/or a retirement account to have a comfortable retirement.
Again, remember that Social Security was never meant to be the only source of income for people when they retire.

3. Did You Know?
About 177 million workers will pay Social Security taxes in 2019.
About 94 percent of all workers are covered or eligible under Social Security.
Did you know that about 177 million workers will pay Social Security taxes in 2019?  About 94 percent of all workers are covered or eligible under Social Security.
Source for the first sentence is the 2018 Trustees Report intermediate assumptions, single year table IV.B3 (
Source for the second sentence is OCACT estimates (unpublished)  
Source: ^OCACT
Slide updated 2/5/2019

4. Social Security Beneficiaries
This image illustrates the number of beneficiaries we pay. Currently, more than one in every six people in America is receiving a Social Security benefit. The majority of our beneficiaries are retired.
But Social Security is more than retirement...it is a family protection plan (almost 1/3 of the beneficiaries are disabled, dependents of disabled, or survivors).
Social Security is an intergenerational transfer system: today’s workers help pay for current retirees’ and other beneficiaries’ benefits, not their own future benefits.
There’s no account set aside with your name and contributions on it.
Source: (Table 1)
Source: ^Statistics
Slide updated 2/5/2019
December 2018

5. Who Pays for Social Security?

6. How Do You Qualify for Retirement Benefits?
By earning “credits” when you work and pay Social Security taxes
You need 40 credits (10 years of work) and you must be 62 or older
Each $1,360 in earnings gives you one credit
You can earn a maximum of 4 credits per year
Credits are the "building blocks" Social Security uses to find out whether you have the minimum amount of covered work to qualify for each type of Social Security benefit.
If you stop working before you have enough credits to qualify for benefits, your credits will stay on your record. If you return to work later on, you can add more credits so you can qualify.
No benefits can be paid if you do not have enough credits.
In 2019, you must earn $1,360 in covered earnings to get one Social Security or Medicare work credit and $5,440 to get the maximum four credits for the year.
When you work and pay Social Security taxes, you earn up to a maximum of four "credits" for each year.
During your lifetime, you will probably earn more credits than the minimum number you need to be eligible for benefits; however, these extra credits do not increase your benefit amount.
Your average earnings during your working years determine how much your monthly payment will be.
Source: ^OISP
Publications: and
Slide updated 2/5/2019
Note: To earn 4 credits in 2019, you must earn at least $5,440.

7. Benefits are based on earnings
How Social Security Determines Your Benefit
Benefits are based on earnings
Step 1 -Your wages are adjusted for changes in wage levels over time
Step 2 -Find the monthly average of your 35 highest earnings years
Step 3 -Result is “average indexed monthly earnings”
Credits are based on your total wages and self-employment income during the year, no matter when you did the actual work. You might work all year to earn four credits, or you might earn enough for all four in a much shorter length of time.
We are looking for the highest 35 years during a worker's lifetime of earnings, regardless of when earned.
Using this formula means that a worker who qualifies for a retirement benefit with just 10 years of work would have a lower benefit payment than someone who worked longer.  That’s because we are looking at the highest 35 years of earnings.  In this example, there would be 25 years with zero earnings.

8. 2019 Retirement Benefit Formula Average Monthly Earnings = $5,800
If your average monthly earnings are = $5,800
Then your monthly benefit would be = $2,356
Average Monthly Earnings = $5,800
90% of First $926 is $833
32% of Earnings over $926 through $5, $4,657 is $1,490
($5,583-$926=$4,657)
Source: ^OCACT
Slide updated: 2/5/2019
15% of Earnings over $5, $217 is $33
$5,800 is $2,356
*Payments rounded to whole dollar amounts

9. Year of Birth Full Retirement Age
A $1000 retirement benefit taken at age 62 would be reduced by
A $500 spouse benefit taken at age 62 would be reduced by 66
25%
30%
1955
66 and 2 months
25.83%
30.83%
1956
66 and 4 months
26.67%
31.67%
1957
66 and 6 months
27.5%
32.5%
1958
66 and 8 months
28.33%
33.33%
1959
66 and 10 months
29.17%
34.17%
1960 + 67
35%
Remember that when to start receiving retirement benefits is a personal choice.  There isn’t a one fits all answer.
You should make an informed decision about when to apply for benefits based on your individual and family circumstances.
Factors you should consider when deciding the best age to retire:
Your current cash needs;
Your health and family longevity;
Whether you plan to work in retirement;
Whether you have other retirement income sources;
Your anticipated future financial needs and obligations; and,
The amount of your future Social Security benefits.
This chart gives an example of how much a $1,000 retirement benefit and a $500 retirement benefit would be reduced if someone took the benefit at age 62.
The increase in full retirement age was the result of the 1983 Amendments to the Social Security Act. Full retirement age increases apply to both Retirement Benefits and Survivors Benefits. Although we at Social Security have always used the term “full” retirement age, you may find that some people now refer to “full retirement age” as the “Normal Retirement Age”. Regardless of your full retirement age, reduced benefits can still be paid as early as age 62.
In addition, the Medicare eligibility age of 65 has not changed. We recommend that you apply for Medicare 3 months before your 65th birthday (unless you are already receiving Social Security benefits when you turn 65, in which case you will be automatically enrolled in Medicare).
Source:

10. Working While Receiving Benefits
If you are
You can make up to
If you earn more, some benefits will be withheld
Under Full Retirement Age
$17,640/yr.
$1 for every $2
The Year Full Retirement Age is Reached
$46,920/yr. before month of full retirement age
$1 for every $3
Month of Full Retirement Age and Above
No Limit
The first thing we recommend is that you visit SocialSecurity.gov/pubs and search for the publication entitled, How Work Affects Your Benefits. It explains the rules you must follow in order to avoid an overpayment, and it gives some great examples for different scenarios that could apply to your individual situation.
You can get Social Security retirement or survivors benefits and work at the same time. However, if you’re younger than full retirement age, and earn more than certain amounts, your monthly benefit remains the same but the total amount of benefits you receive for the year will be reduced. The amount that your annual benefits are reduced, however, isn’t truly lost. Your monthly benefit will be increased at your full retirement age to account for benefits withheld due to earlier earnings.
Note that spouses and survivors, who receive benefits because they have minor or disabled children in their care, don’t receive increased benefits at full retirement age if benefits were withheld because of work. I should also mention that different rules apply if you work outside the United States. Contact us if you’re working (or plan to work) outside the country.
But for most of you, here’s how this works. If you work, and are full retirement age or older, you may keep all of your benefits, no matter how much you earn.
If you’re younger than full retirement age, there is a limit to how much you can earn and still receive full Social Security benefits. If you’re younger than full retirement age, we must deduct $1 from your benefits for each $2 you earn above the annual limit. For 2019, that limit is $17,640.
If you reach full retirement age during 2019, we must deduct $1 from your benefits for each $3 you earn above $46,920 until the month you reach full retirement age.
Starting with the month you reach full retirement age, there is no limit on how much you can earn and still receive all of your Social Security benefits.
Source:
Slide updated 2/6/2019
Note: If some of your retirement benefits are withheld because of your earnings, your benefits will be increased starting at your full retirement age to take into account those months in which benefits were withheld.

11. socialsecurity.gov/estimator
Retirement Estimator
Gives estimates based on your actual Social Security earnings record
You can use the Retirement Estimator if:
You have enough Social Security credits at this time to qualify for benefits and
You are not:
Currently receiving benefits on your own Social Security record;
Waiting for a decision about your application for benefits or Medicare;
Age 62 or older and receiving benefits on another Social Security record; or
Eligible for a Pension Based on Work Not Covered By Social Security.
You can use the online Retirement Estimator at to get immediate and personalized benefit estimates to help you plan for your retirement.
It’s a convenient, secure and quick financial planning tool.
The Retirement Estimator, is an interactive tool that allows you to create “what if” scenarios.
You can, for example, change your “stop work” dates or “expected future earnings” to create and compare different retirement options.
socialsecurity.gov/estimator

12. Windfall Elimination Provision (WEP)
If any part of your pension is based on work not covered by Social Security, you may be affected by the Windfall Elimination Provision.
WEP can apply if:
You reach 62 after 1985; or
You become disabled after 1985; and
You first become eligible for a monthly pension based on work where you didn’t pay Social Security taxes after 1985.
The Windfall Elimination Provision can affect how we calculate your retirement or disability benefit.
If you work for an employer who doesn’t withhold Social Security taxes from your salary, such as a government agency or an employer in another country, any pension you get from that work can reduce your Social Security benefits.
This provision can affect you when you earn a pension from an employer who didn’t withhold Social Security taxes and you qualify for Social Security retirement or disability benefits from work in other jobs for which you did pay taxes.
If any part of your government pension is based on wages not covered by Social Security, then WEP will apply. WEP only applies to Retirement and Disability Benefits. Survivor’s Benefits are not affected by WEP.
If you are a government employee the benefit estimate you see on your Social Security Statement might be incomplete because the formula used in the estimate does not take into consideration WEP.
WEP applies to the workers’ benefits. Any auxiliary benefits payable on the worker's record also would be affected.
Social Security does not yet have the capability to determine that a worker may receive a non-covered pension to then determine the benefit after WEP.
Our Online WEP calculator allows you to estimate your Social Security benefit.
Visit:
socialsecurity.gov/planners/retire/wep.html

13. Spousal Benefits Benefit is 50% of worker’s unreduced benefit
Reduction for early retirement
If spouse’s own benefit is less than 50% of the worker’s, the benefits are combined
Does not reduce payment to the worker
Benefit is 100% regardless of age if spouse is caring for a child under age 16 or disabled
A spouse who has not worked or who has low earnings can be entitled to as much as one-half of the retired worker’s full benefit.
If you are eligible for both your own retirement benefits and for benefits as a spouse, we always pay your own benefits first. If your benefits as a spouse are higher than your retirement benefits, you will get a combination of benefits equaling the higher spouse benefit.
If spouses want to get Social Security retirement benefits before they reach full retirement age, the amount of the benefit is reduced. The amount of reduction depends on when the person reaches full retirement age.
However, if a spouse is caring for a child under age 16 or disabled, who gets Social Security benefits on the worker’s record, the spouse gets full benefits, regardless of age.
This next slide gives you an example.

14. Year of Birth Full Retirement Age
A $1000 retirement benefit taken at age 62 would be reduced by
A $500 spouse benefit taken at age 62 would be reduced by 66
25%
30%
1955
66 and 2 months
25.83%
30.83%
1956
66 and 4 months
26.67%
31.67%
1957
66 and 6 months
27.5%
32.5%
1958
66 and 8 months
28.33%
33.33%
1959
66 and 10 months
29.17%
34.17%
1960 + 67
35%
This chart gives an example of how much a $1,000 retirement benefit and a $500 retirement benefit would be reduced if someone took the benefit at age 62.
The increase in full retirement age was the result of the 1983 Amendments to the Social Security Act. Full retirement age increases apply to both Retirement Benefits and Survivors Benefits. Although we at Social Security have always used the term “full” retirement age, you may find that some people now refer to “full retirement age” as the “Normal Retirement Age”. Regardless of your full retirement age, reduced benefits can still be paid as early as age 62.
In addition, the Medicare eligibility age of 65 has not changed. We recommend that you apply for Medicare 3 months before your 65th birthday (unless you are already receiving Social Security benefits when you turn 65, in which case you will be automatically enrolled in Medicare).
Source:

15. Benefits for Divorced Spouses
You may receive benefits on your ex-spouse's record (even if he or she has remarried) if:
You are unmarried;
You are age 62 or older;
Your ex-spouse is entitled to Social Security retirement or disability benefits; and
The benefit you are entitled to receive based on your own work is less than the benefit you would receive based on your ex-spouse's work.
Note: Marriage must have lasted 10 years or longer
If you are divorced, and your marriage lasted 10 years or longer, you may receive benefits on your ex-spouse's record (even if he or she has remarried) if:
You are unmarried;
You are age 62 or older;
Your ex-spouse is entitled to Social Security retirement or disability benefits; and
The benefit you are entitled to receive based on your own work is less than the benefit you would receive based on your ex-spouse's work.
Your benefit as a divorced spouse is equal to one-half of your ex-spouse's full retirement amount (or disability benefit) if you start receiving benefits at your full retirement age. The benefits do not include any delayed retirement credits your ex-spouse may receive.
If you remarry, you generally cannot collect benefits on your former spouse's record unless your later marriage ends (whether by death, divorce or annulment).
If your ex-spouse has not applied for retirement benefits, but can qualify for them, you may receive benefits on his or her record if you have been divorced for at least two years.
If you are eligible for retirement benefits on your own record and divorced spouse’s benefits, we will pay the retirement benefit first. If the benefit on your ex-spouse’s record is higher, you will get an additional amount on your ex-spouse’s record so that the combination of benefits equals that higher amount.
If you were born before January 2, 1954 and have already reached full retirement age, you can choose to receive only the divorced spouse’s benefit and delay receiving your retirement benefit until a later date. If your birthday is January 2, 1954 or later, the option to take only one benefit at full retirement age no longer exists.  If you file for one benefit, you will be effectively filing for all retirement or spousal benefits.

16. Note: There are two exceptions.
Deemed Filing
If you become eligible for Social Security benefits both as a retiree and as a spouse (or divorced spouse), and you want to go ahead and claim your benefits, you must file for both benefits.
Applies at any age for people who turned age 62 after January 1, 2016.
Note: There are two exceptions.
You may have heard or read about the various filing strategies available to married couples, when it comes to Social Security retirement and spousal benefits. Due to a change in the law, some of those options are changing.
The first change in the law says that now, if you become eligible for Social Security benefits both as a retiree and as a spouse (or divorced spouse), and you want to go ahead and claim your benefits, you must file for both benefits.
This is called “deemed filing,” and it used to apply only prior to Full Retirement Age. Based on the law change, deemed filing now applies at any age for people who turned age 62 after January 1, 2016.
However, there are two exceptions to the deemed filing provision:
Child-in-Care Benefits: When a beneficiary is entitled to spousal benefits based on the child-in-care requirements and is eligible for retirement benefits, he or she may delay filing for the retirement benefit.
Receiving Both Disability And Spouse’s Benefits: When a beneficiary is entitled to disability and spouse’s benefits, he or she may delay filing for retirement benefits. If the disability benefits terminate before converting to retirement benefits, deemed filing applies in the month of termination of the disability benefit.
You can find more details about this at ssa.gov/planners/retire/deemedfaq.html.
socialsecurity.gov/planners/retire/deemedfaq.html

17. Voluntary Suspension
If you take your retirement benefit and then ask to suspend it to earn delayed retirement credits, your spouse or dependents (excluding divorced spouses) generally will not be able to receive benefits on your Social Security record while your own benefits are suspended.
The second change in the law involves what we call “voluntary suspension.”
If you take your retirement benefit and then ask to suspend it to earn delayed retirement credits, your spouse or dependents (excluding divorced spouses) generally will not be able to receive benefits on your Social Security record while your own benefits are suspended.
In addition, you will not be able to receive benefits on anyone else’s record during that time.
We know that some of these rules can be confusing, so we encourage you to visit our website for a comprehensive explanation and see some specific examples that illustrate how this plays out for married couples.
Visit ssa.gov/planners/retire/suspendfaq.html for information about voluntarily suspending your benefits.
socialsecurity.gov/planners/retire/suspendfaq.html

18. Government Pension Offset
A type of benefit reduction that may affect some spouses and widows or widowers
If you receive a government pension based on work not covered by Social Security, your SS spouse’s or widow(er)’s benefits may be reduced.
If you receive a pension from a federal, state, or local government based on work for which you didn’t pay Social Security taxes, we may reduce your Social Security spouses or widows or widowers benefits. We have a publication that provides answers to questions you may have about the reduction. It is available at SocialSecurity.gov/gpo.
We’ll reduce your Social Security benefits by two-thirds of your government pension. In other words, if you get a monthly civil service pension of $600, two-thirds of that, or $400, must be deducted from your Social Security benefits. For example, if you’re eligible for a $500 spouses, widows or widowers benefit from Social Security, you’ll get $100 a month from Social Security ($500 – $400 = $100).
Benefits we pay to spouses, widows, and widowers are “dependent’s” benefits. Set up in the 1930s, these benefits were to compensate spouses who stayed home to raise a family and were financially dependent on the working spouse. It’s now common for both spouses to work, each earning their own Social Security retirement benefit. The law requires a person’s spouse, widow, or widower benefit to be offset by the dollar amount of their own retirement benefit.
If you receive a pension based on work not covered by Social Security, your spouse’s, widow’s, or widower’s benefits may be reduced by the Government Pension Offset, or GPO.
To estimate your future benefits under GPO, use our Online GPO calculator at
socialsecurity.gov/gpo

19. Government Pension Offset
2/3 of amount of non-covered pension will be used to reduce the Social Security spouse’s/widow(er)’s benefits.
Examples:
$1200 Non-covered Pension
2/3 = $800
If Social Security spouse’s or widow(er)’s benefit = $750,
no benefit payable due to offset ($750 - $800 = $0)
If Social Security spouse’s or widow(er)’s benefit =$1000,
$200 would be payable after offset ($ $800 = $200)
GPO Publication:
Source: ^OCACT
Slide updated 2/5/2019
socialsecurity.gov/gpo

20. Survivor Benefits When you pass away, your surviving spouse may:
At full retirement age, receive 100% of deceased worker's unreduced benefit; or,
At age 60, receive 71.5% of your full benefit and increases each month you wait up to 100% if you start at full retirement age; or
Claim survivor benefits at any age between 60 and full retirement age.
Next, let’s talk about how survivor benefits are calculated.
So, it is possible to get a reduced survivor benefit on one record at age 60, then apply for a reduced – or unreduced – retirement benefit on the other record at age 62 or older.
Full benefits can be paid by Social Security to both the widow or widower and a divorced widow or widower. In other words, benefits paid to a surviving divorced spouse who is 60 or older (age 50 if disabled) will not affect the benefit rates for other survivors receiving benefits.

21. Other Survivor Benefits
Parents’ Benefits – For a parent who is age 62 and was receiving at least one-half of his or her financial support from the son or daughter who died.
Lump Sum Death Payment – A surviving spouse or child may receive a one-time lump-sum death payment of $ if they meet certain requirements.
We also have two other types of survivor benefits:
The first is Parents’ Benefits. For a parent who is age 62 and was receiving at least one-half of his or her financial support from the son or daughter who died. Although parents’ benefits are included in our survivor benefit program, the number of people who receive Parents’ Benefits is relatively small.
A surviving spouse or child may receive a one-time lump-sum death payment of $ if they meet certain requirements.
For more information, go to SocialSecurity.gov and type in lump-sum death payment
You may have seen misleading TV advertising that implies that the only benefit payable is the Lump Sum Death Payment, when in fact there may be a monthly widow or widower’s benefit available. Be sure to review the information about survivors benefits on our webpage.
socialsecurity.gov/survivors

22. Survivor Eligibility Factors
Child
May receive benefits if not married and is under age 18 (or under age 19 if still in high school)
Disabled Child
May receive benefits beyond age 18 if not married and was disabled before age 22
Widow / Widower
Or Divorced Widow/Widower
May get full benefits at full retirement age – or reduced benefits at age 60 – or as early as age 50 if disabled – or at any age if caring for child under 16 or a disabled child
Let’s take a look at how people become eligible for Social Security survivor benefits.
A child may receive benefits if he or she is not married and is under age 18 (or under age 19 if still in high school). A disabled child may receive benefits beyond age 18 if he or she is not married and was disabled before age 22.
A widow or widower or divorced widow/widower may receive full benefits at full retirement age – or reduced benefits at age 60 – or as early as age 50 if disabled – or at any age if caring for child under 16 or a disabled child.
The length of marriage requirement for a widow or widower to be eligible for benefits is 9 months, and for a surviving divorced spouse it is 10 years. Please note, there are exceptions to the duration of marriage requirements.
Generally, you cannot get widow’s or widower’s benefits if you remarry before age 60. But remarriage after age 60 (or age 50 if you are disabled) will not prevent you from getting benefit payments based on your former spouse’s work. Also, at age 62 or older, you may get benefits based on your new spouse’s work, if those benefits would be higher.

23. Spouse (living) benefits Survivor (death) benefits
Can start from age 62 to Full Retirement Age (FRA)
50% at FRA or less if you start prior to FRA (reduction for each month you take it early)
Divorced spouses qualify if marriage lasted at least 10 years and other conditions are met
Can start from age 60 to Full Retirement Age (FRA)
71.5% at age 60 and increases each month you wait, up to 100% if you start at FRA, or as early as age 50 if disabled
Divorced spouses qualify if marriage lasted at least 10 years and other conditions are met
Here is a side-by-side comparison of spousal and survivor benefits.
The worker and his or her spouse must be married for one year (continuously) immediately before the day on which the application is filed.
(Note: The one-year requirement can be waived if the spouse is the natural mother or father of the worker’s biological child or if the spouse was entitled or potentially entitled to certain auxiliary or survivor’s benefits in the month before the month of marriage to the worker).
If a spouse is caring for a child under age 16 of the worker, the spouse could qualify regardless of age. When the youngest child turns 16, the spouse’s benefit will stop, even though the child’s benefit will continue. However, if the child is disabled, the spouse’s benefits will continue as long as the child is under his or her care.

24. You can switch to retirement as early as age 62 if that benefit is higher than your widows benefit.
If you begin receiving survivor benefits, we recommend that you contact us at age 62 to see if you are eligible for a higher benefit on your own record.
If we calculate your retirement benefit and it is lower than what you are already receiving as a survivor, then we are not going to switch you to over to retirement and reduce your monthly benefit. Remember, retirement and survivor benefits both fall under the same umbrella of financial protection offered by Social Security.
However, if we calculate your retirement and it is higher than what you are already getting as a survivor, YOU HAVE A CHOICE.
You can either switch over immediately for the higher monthly payment, or you can stay on survivor benefits and switch over to retirement later on down the road … when something comes up and you need more money coming in … or as late as age 70 if you want to completely max-out your retirement (by getting all possible delayed retirement credits added to your calculation).
Contact Social Security to find out if you can switch to get a higher benefit amount. SSA will review your individual situation and make a determination.

25. Auxiliary Benefits for Children
A child must have:
A parent who’s disabled or retired and entitled to Social Security benefits; or
A parent who died after having worked long enough in a job where they paid Social Security taxes.
The child must also be:
Unmarried;
Younger than age 18;
18-19 years old and a full-time student (no higher than grade 12); or
18 or older and disabled. (The disability must have started before age 22.)
Your child can get benefits if they’re your biological child, adopted child, or dependent stepchild. (Sometimes, your child could also be eligible for benefits on their grandparents’ earnings.)
Within a family, a child can receive up to half of the parent’s full retirement or disability benefit. If a child receives survivors benefits, they can get up to 75 percent of the deceased parent’s basic Social Security benefit. There is a limit, however, to the amount of money that we can pay to a family. The family maximum payment is determined as part of every Social Security benefit computation. It can be from 150 to 180 percent of the parent’s full benefit amount. If the total amount payable to all family members exceeds this limit, we reduce each person’s benefit proportionately (except the parent’s) until the total equals the maximum allowable amount.
Publication:

26. Social Security Disability Insurance (SSDI)
What is it?
SSDI is a program to provide income supplements to people who are no longer able to work because of a significant disability.
Who is it for?
People who are no longer able to perform substantial work activity may qualify if they:
have a medical condition that’s expected to last at least one year or result in death,
are younger than full retirement age (FRA) and earn less than the substantial gainful activity (SGA) limit,
are blind and at least age 55 for certain individuals, and have
earned a certain number of work credits.
Social Security’s disability definition is based on your medical condition and the fact that you are not expected to be able to do any work for at least 12 months or your condition is terminal. This work determination is based on your age, education and work experience.
The actual disability definition makes the clear distinction between Social Security’s disability requirements compared to other disability programs, such as Veterans and Workman’s Compensation.
After becoming eligible for a disability benefit, the law requires us to conduct a medical review to ensure that the beneficiary still qualifies for the program. This generally occurs every 3 to 7 years, depending on the severity of the disability.

27. Supplemental Security Income (SSI)
What is it?
SSI is a federal program that provides monthly payments to people who have limited income and few resources.
Who is it for?
People who are 65 or older, as well as for those of any age, including children, who are blind or who have disabilities.
SSI stands for Supplemental Security Income. Social Security administers the SSI program, which pays monthly benefits to adults with limited income and resources who are disabled, blind, or age 65 or older. Blind or disabled children may also get SSI. 
People who have worked long enough, recently enough, may be able to receive Social Security benefits – such as disability or retirement – and SSI benefits at the same time, if the amount of Social Security benefits in combination with the person’s other income falls below the SSI income limits.

28. Taxation of Social Security Benefits
If you:
file a federal tax return as an "individual" and your combined income* is
between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
more than $34,000, up to 85 percent of your benefits may be taxable.
file a joint return, and you and your spouse have a combined income* that is
between $32,000 and $44,000, you may have to pay income tax on up to 50 percent of your benefits
more than $44,000, up to 85 percent of your benefits may be taxable.
are married and file a separate tax return, you will probably pay taxes on your benefits.
No one pays federal income tax on more than 85 percent of his or her Social Security benefits based on Internal Revenue Service (IRS) rules.
If you:
file a federal tax return as an "individual" and your combined income* is
between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
more than $34,000, up to 85 percent of your benefits may be taxable.
file a joint return, and you and your spouse have a combined income* that is
between $32,000 and $44,000, you may have to pay income tax on up to 50 percent of your benefits
more than $44,000, up to 85 percent of your benefits may be taxable.
are married and file a separate tax return,
…..you probably will pay taxes on your benefits.
At the end of each year, we’ll mail you a Social Security Benefit Statement (Form SSA-1099) showing the amount of benefits you received. Use this statement when you complete your federal income tax return to find out if you must pay taxes on your benefits.
Although you’re not required to have Social Security withhold federal taxes, you may find it easier than paying quarterly estimated tax payments.
For more information, read Tax Guide for Seniors (IRS Publication No. 554) and Social Security and Equivalent Railroad Retirement Benefits (IRS Publication No. 915) at or call the Internal Revenue Service’s toll-free telephone number,
NOTE: On the 1040 tax return, your “combined income” is the sum of your adjusted gross income plus nontaxable interest plus half of your Social Security benefits.
-----
Source: SSA publication # EN
Slide updated 2/6/2019
Visit IRS.gov and search for Publication 554, Tax Guide for Seniors, and Publication 915,
Social Security And Equivalent Railroad Retirement Benefits

29. Taxation of Social Security Benefits
Your adjusted gross income + Nontaxable interest + ½ of your Social Security benefits = Your "combined income“

30. Calculator Estimator Online Calculators Age Retirement GPO WEP
Life Expectancy
Retirement
Earnings Test
Benefits for Spouses
Early or Late
Estimator
GPO
Quick
We offer 11 different calculators to help you with your retirement planning.
Just choose the one that best fits your needs!
When you visit our website, be sure to scroll down to near the bottom and click the “calculators” button.
Detailed
Age

31. Visit Medicare.gov for details
Part A = Hospital Insurance
Part B = Medical Insurance
Part C = Medicare Advantage Plans
Part D = Prescription Drug Plans
Medicare is our country’s health insurance program for people age 65 or older. People younger than age 65 with certain disabilities, or permanent kidney failure, or amyotrophic lateral sclerosis (Lou Gehrig’s disease), can also qualify for Medicare.
Medicare has 4 parts:
1. Part A is Hospital Insurance which covers most inpatient hospital expenses. The 2019 deductible for Part A is $1,364.
2. Part B is Medical Insurance which covers 80% of doctor bills & other outpatient medical expenses after your first $185 in approved charges. The 2019 standard monthly premium is $ There is no monthly premium for Part A if you are insured for retirement benefits. After you retire, your health insurance may require for Medicare to pay first. Many supplemental plans require you to sign up for Medicare Part B. The Medicare premium most beneficiaries pay represents 1/4 of the actual cost, and the Federal government covers the balance of the cost.
3. Part C involves the Medicare Advantage Plans, which are health plan options offered by Medicare-approved private insurance companies. When you join a Medicare Advantage Plan, you can get the benefits and services covered under Part A, Part B, and in most plans, Part D.
4. Part D is Medicare Prescription Drug coverage, which covers a major portion of your prescription drug costs. Your out-of-pocket costs—monthly premiums, annual deductible and prescription co-payments—will vary by plan. You enroll with a Medicare-approved prescription drug provider, not by contacting Social Security. Each Medicare Advantage plan can charge different out-of-pocket costs, but they must follow rules established by Medicare. Medicare-approved prescription drug plans cover a major portion of your prescription drug costs.
Source: ^OISP OEEMP
Slide updated 2/6/2019
Visit Medicare.gov for details

32. Environmental health hazard exposure
Medicare
Eligibility
Age 65
ALS
Kidney failure
Environmental health hazard exposure
After 24 months of SSDI
Option to speaker: Can remove ‘environmental health hazard exposure’
Remember that although the full retirement age has increased above age 65, Medicare eligibility is still age 65. One of the most important things to remember is that you can apply for Medicare online, even if you are waiting past age 65 to apply for Social Security retirement benefits.
You should apply for Medicare 3 months before your 65th birthday, even when you plan to apply for your retirement or spouse’s benefits later.
If you are approved for Social Security disability benefits, you will be eligible for Medicare benefits 24 months from the month you were entitled to receive benefits, not from the first month you receive a payment.
If you are diagnosed with Amyotrophic Lateral Sclerosis (Lou Gehrig’s disease) and you get disability benefits, you can get Medicare right away.
If you have permanent kidney failure and you receive maintenance dialysis or a kidney transplant – you may also be eligible for Medicare.
*Note to speaker: If an audience member asks about Medicare based on exposure to environmental health hazard,
provide this link:

33. Medicare Enrollment Initial Enrollment Period
Begins 3 months before your 65th birthday and ends 3 months after that birthday
Special Enrollment Period
If 65 or older and covered under a group health plan based on your – or your spouse’s – current work.
General Enrollment Period
January 1 – March 31
Medicare has three enrollment periods:
Initial Enrollment Period-- your initial enrollment period has a 7-month enrollment period. It begins three months before your 65th birthday, includes the month you turn age 65, and ends three months after that birthday.
Special Enrollment Period-- If you are age 65 or older, you or your spouse are still working and you are covered under a group health plan based on that current employment, you may not need to apply for Medicare medical insurance (Part B) at age 65. You may qualify for a "Special Enrollment Period" (SEP) that will let you sign up for Part B a the time you retire.
General Enrollment Period - If you didn't sign up for Part A and/or Part B (for which you must pay premiums) when you were first eligible, and you aren’t eligible for a Special Enrollment Period, you can sign up during the General Enrollment Period between January 1–March 31 each year. You may have to pay a late enrollment penalty for as long as you have Part B coverage.

34. Medicare Part B Coverage
If you enroll in this month of your initial enrollment period:
Then your Part B Medicare coverage starts:
One to three months before you reach age 65
The month you reach age 65
One month after the month you reach age 65
One month after you reach age 65
Two months after the month of enrollment
Two or three months after you reach age 65
Three months after the month of enrollment
This chart shows when your Medicare will become effective if you apply during your initial enrollment period.
If you apply during the 3-month window prior to the month you turn age 65, your Medicare kicks in the 1st day of the month you reach age 65.

35. Medicare standard Part B premium for 2019
If you’re single and file an individual tax return, or married and file a joint tax return:
Modified Adjusted Gross Income (MAGI)
Part B monthly premium amount
Prescription drug coverage monthly premium amount
Individuals with a MAGI of $85,000 or less
Married couples with a MAGI of $170,000 or less
2019 standard premium $135.50
Your plan premium
Individuals with a MAGI above $85,000 up to $107,000
Married couples with a MAGI above $170,000 up to $214,000
Standard premium
+ $54.10
Your plan premium + $12.40
Individuals with a MAGI above $107,000 up to $133,500
Married couples with a MAGI above $214,000 up to $267,000
+ $135.40
Your plan premium + $31.90
Individuals with a MAGI above $133,500 up to $160,000
Married couples with a MAGI above $267,000 up to $320,000
+ $216.70
Your plan premium + $51.40
Individuals with a MAGI above $160,000 up to $500,000
Married couples with a MAGI above $320,000 up to $750,000
+ $297.90
Your plan premium + $70.90
Individuals with a MAGI equal to or greater than $500,000
Married couples with a MAGI equal to or greater than $750,000
+$325.00
Your plan premium + $77.40
This graphic shows the Medicare premiums for each income bracket.
IRMAA: If you're in a higher-income household, you may be subject to an income-related monthly adjustment amount.
Health Savings Account (HSA) Information: You should not contribute to an HSA if you are enrolled in Medicare as there may be negative tax implications. Contact your tax professional for more information.
----
[SPEAKER: see chart at bottom of this page: for Part D information]
IRMAA resource:
Source: Publication EN
Slide updated 01/22/19

36. Medicare Applications
If you already have Medicare Part A and wish to add Medicare Part B, simply take or mail forms CMS-40B and CMS-L564 to your local Social Security office
You can use our website to apply for Medicare Parts A and B. If you apply online for Medicare Part A only – and refuse Part B – you can enroll in Part B later.
When you decide to add Part B later, you will not need to file a new application on our website. You just need to complete two forms, which are available via our homepage. Just click on the Forms button.
One form is CMS-40B (Application for Enrollment in Medicare Part B Medical Insurance), and the other is CMS-L564 (Request for Employment Information). Form 40B is where you indicate when you want your Part B coverage to start. You will take Form CMS-L564 to your – or your spouse’s – human resources department for them to complete, so that we can see that you have been continuously covered under a group health plan based on current employment since you turned 65 … and may be able to get Part B without a penalty.
It works best if you give these forms to us at the same time, in an envelope.
You can also call us to ask that we mail these forms to you, if you don’t want to print them from our website.
For a handout that provides additional details on applying for Medicare only, visit ssa.gov/pubs and type in “How to Apply Online for Medicare Only.”
socialsecurity.gov/medicare/apply.html

37. Medicare Card
Your new card will have a new Medicare Number that's unique to you, instead of your Social Security number. This will help to protect your identity.
In April 2018, the Center for Medicare and Medicaid Services started mailing new Medicare cards. In January 2019, the Center for Medicare & Medicaid Services completed mailing new Medicare cards to more than 61 million people with Medicare across all U.S. states and territories.
Your new card will have a new Medicare Number that's unique to you, instead of your Social Security number. This will help to protect your identity.
Source:
Slide updated 2/7/2019

38. Find out if you qualify at socialsecurity.gov/extrahelp
Extra Help Program
Medicare beneficiaries may qualify for Extra Help with their Medicare prescription drug plan costs.
Extra Help is estimated to be worth about $4,900 per year.
Extra Help is available for beneficiaries with limited resources and income to help pay for the costs related to a Medicare prescription drug plan. These costs include monthly premiums, annual deductibles and prescription co-payments. Extra Help is estimated to be worth about $4,900 per year.
You may apply for Extra help online, over the phone, or in your local Social Security office, which will review your application and send you a letter to let you know if you qualify. There are 6 main advantages to applying online for Extra Help:
The online application takes you through all of the questions to help you answer them completely
You can apply from the convenience of any computer, at your own pace
If you have to take a break, you can stop and return to the application later without losing the information you already filled in
If you don’t have or use a computer, someone else like a friend, relative, or caregiver can help you fill out the application
Our online application is safe and secure
It’s generally much faster to apply online. There’s no mail time as there is with a paper application, so decisions usually can be made more quickly.
Source: ^OISP and
Slide updated 1/31/2019
Find out if you qualify at socialsecurity.gov/extrahelp

39. You choose the most convenient option for you!
Applying for Benefits
3 options available to apply:
Online
By phone
At our office
You choose the most convenient option for you!
Note: Child and survivor claims can only be done by phone or in a field office (not online) at this time.
You have three options, once you are ready to put in your application and start up your monthly benefits.
You can apply within 4 months of when you want your benefits to begin.
You have three options, when it comes time.
Your first option is to apply online at This is the most convenient way to apply.
Your second option is to call Social Security to schedule an appointment to apply over the telephone on a day and time that is convenient for you.
Your third option is to call Social Security to schedule an appointment to apply in- person at your local Social Security office with a face-to-face appointment.
Applying online is still the most convenient way to apply for benefits.  You can apply for retirement benefits in as little as 15 minutes.

40. socialsecurity.gov/myaccount
my Social Security
my Social Security is a convenient and secure suite of services designed to put you in control of your personal Social Security information, as well as help you manage your benefits when you are ready.  Your account gives you the information you need whenever you want.  All without calling or visiting a field office.
You can only open a my Social Security account for yourself. You cannot open an account for another person, even if you have his or her written consent. You may be unable to open a my Social Security account if you:
•     Blocked electronic access to your personal Social Security information; •     Recently moved or changed your name; or •     Placed a freeze on your credit report.
Your online my Social Security account provides a variety of information to help you and your family. If you need help setting up your account, we have a 4-minute walkthrough video on our YouTube page.
socialsecurity.gov/myaccount

41. my Social Security Services
If you receive benefits or have Medicare, you can:
Request a replacement Social Security card if you meet certain requirements;
Report your wages if you work and receive Disability Insurance (SSDI) and/or Supplemental Security Income (SSI) benefits;
Get a benefit verification letter as proof that you are getting benefits;
Check your benefit and payment information and your earnings record;
Change your address and phone number;
Start or change direct deposit of your benefit payment;
Request a replacement Medicare card; and
Get a replacement SSA-1099 or SSA-1042S for tax season.
So what can you do with a my Social Security account? Your online my Social Security account provides a wealth of information to help you and your family plan for your financial future. If you receive benefits or have Medicare, you can:
Request a replacement Social Security card if you meet certain requirements;
Report your wages if you work and receive Disability Insurance (SSDI) and/or Supplemental Security Income (SSI) benefits;
Get a benefit verification letter as proof that you are getting benefits;
Check your benefit and payment information and your earnings record;
Change your address and phone number;
Start or change direct deposit of your benefit payment;
Request a replacement Medicare card; and
Get a replacement SSA-1099 or SSA-1042S for tax season.
Source:
Slide reviewed 1/4/ current

42. my Social Security Services
If you do not receive benefits, you can:
Request a replacement Social Security card if you meet certain requirements;
Check the status of your application or appeal;
Get a benefit verification letter as proof that you are not getting benefits;
Get your Social Security Statement to review:
Estimates of your future retirement, disability, and survivor benefits;
Your earnings once a year to verify the amounts that we posted are correct; and
The estimated Social Security and Medicare taxes you’ve paid.
If you do not receive benefits, you can…
Source:
Slide reviewed 1/4/ current

43. Enhanced Security for your my Social Security Account
We recently added a second method to check the identification of account holders when you register or sign in.
This is in addition to the first layer of security, your username and password.
You will be able to choose either your cell phone or your address as your second identification method.
Social Security continues to evaluate and improve how we protect what’s important to you. We take this responsibility seriously, and we have a robust cybersecurity program in place to help protect the personal information you entrust to us. Adding additional security measures to safeguard your personal information — but making our services easy to use — is a vital part of keeping you safe and secure.
On June 10, 2017, we added a second method to check your identification when you sign in to my Social Security.
This is in addition to the first layer of security, your username and password.
The next time you sign in, you will be able to choose either your cell phone or your address as your second identification method.
Using two ways to identify you when you log on will help better protect your account from unauthorized use and potential identity fraud.
We’re committed to using the best technologies and standards available to protect our customers’ data. This new security advancement is just one of the ways we’re ensuring the safety of the resources entrusted to us.
In addition to these security enhancements, we are also upgrading the look and feel of my Social Security, in an effort to create an enhanced customer experience. The my Social Security portal will automatically adjust to the size of the screen and kind of device you are using – such as a tablet, smart phone, or computer. No matter what type of device you choose, you will have full, easy-to-use access to your personal my Social Security account.

44. Enhanced Security for your my Social Security Account (cont.)
Each time you sign in to your account, you will complete two steps:
• Step 1: Enter your username and password.
• Step 2: Enter the security code we send by text message or , depending on your choice (cell phone provider text message and data rates may apply).
If a user does not have a text-enabled cell phone, or does not wish to provide their cell phone number, they will need to use their address as a second identification method instead.

45. How to Open a my Social Security Account
Social Security presentation for 2017 National Rural Electric Cooperative Association (NRECA) Preretirement Seminars
How to Open a my Social Security Account 1
Visit socialsecurity.gov/myaccount 2
Select: “Sign In or Create an Account.”
Provide some personal information to verify your identity. 3 4
Choose a username and password, then select how you would like to receive a one-time security code to create your account.
To open a my Social Security account, you have to be at least 18 years of age, have a valid address, a Social Security number, and a U.S. mailing address.
To open your account, go to socialsecurity.gov/myaccount and select “Sign In or Create an Account.”
You will have to provide some personal Social Security information about yourself and give us answers to some questions only you are likely to know to verify your identity.
Next, you choose a “username” and an 8-character “password” to access your online account. This process protects you and keeps your personal Social Security information private.
Remember to choose or text under “Message Center Preferences” to receive courtesy notifications about your account.
You will also notice the option of adding an extra level of security to your account. By selecting “Yes, let’s start now” you are prompted to select an additional question to answer. With this feature, you will receive a temporary code via text message each time you attempt to log in. And you will use this code with your account password. Keep in mind that your cell phone provider’s message rates may apply.
No matter what type of device you use, the my Social Security portal will automatically re-adjust to fit the appropriate screen size, providing you full, easy-to-use access to your personal account!
Produced by the Social Security Administration Office of Communications/ Office of External Affairs

46. my Social Security
You can assist someone in creating a my Social Security account if they:
are with you;
have their own address;
can answer the “out of wallet” questions; and
have been appointed a payee.
You cannot create a my Social Security account on behalf of another person by using another person's information or identity, even if you have that person's written permission.
For example, you cannot create an account for another person:
with whom you have a business relationship;
for whom you are a representative payee; or
for whom you are an appointed representative.

47. my Social Security
You can visit your local field office to obtain a unique activation code.
You will need to bring in proof of identity in one of the following forms (must be current):
State driver's license or identity card;
U.S. passport or passport card;
U.S. military identification; or
U.S. government employee identification card.
Reasons they have to go into the office --- block on credit report, can’t get through initial screen (recent address change), NUMI discrepancy, etc.

48. Q&A session Option for speaker:
You can use this slide OR switch to the visual “Rotating Brand Images” presentation found on the PARC as a scrolling visual while answering questions.