1. 1 1 SOCIAL SECURITY BENEFITS

2. 2 2 The Social Security Statement – Online! http://www.socialsecurity.gov/myaccount/

3. 3 3 Changes With Social Security  1  2  3  4

4. 4 4 ABOUT 57 MILLION PEOPLE Who Gets Benefits from Social Security? 36.7 million Retired Workers 2.9 million Dependents 8.8 million Disabled Workers, 2.1 million Dependents 4.3 million Widows/ Widowers 1.9 million Children of Deceased Workers 1/2013

5. 5 5 Retirement Benefits Retirement Benefits

6. 6 6 You Need to Work to Earn Social Security Credits  Each $ 1,200 in earnings gives you one credit  You can earn a maximum of 4 credits per year Example: To earn 4 credits in 2014, you must earn at least $ 4,800. Earning 40 credits throughout your working life will qualify you for a retirement benefit.  Each $ 1,200 in earnings gives you one credit  You can earn a maximum of 4 credits per year Example: To earn 4 credits in 2014, you must earn at least $ 4,800. Earning 40 credits throughout your working life will qualify you for a retirement benefit.

7. 7 7 Full Retirement Age Year of BirthFull Retirement Age 1937 or earlier65 193865 & 2 months 193965 & 4 months 194065 & 6 months 194165 & 8 months 194265 & 10 months 1943 – 195466 195566 & 2 months 195666 & 4 months 195766 & 6 months 195866 & 8 months 195966 & 10 months 1960 or later67 Year of BirthFull Retirement Age 1937 or earlier65 193865 & 2 months 193965 & 4 months 194065 & 6 months 194165 & 8 months 194265 & 10 months 1943 – 195466 195566 & 2 months 195666 & 4 months 195766 & 6 months 195866 & 8 months 195966 & 10 months 1960 or later67

8. 8 8 Your Age When You Retire Affects Your Benefits If You’re a Worker and Retire  At age 62, you get a lower monthly payment permanently  At your full retirement age, you get your full benefit  You get an even higher monthly payment if you work past your full retirement age

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10. 10 You Can Work & Still Receive Benefits You Can If You Make More, If You Are Make Up To Some Benefits Will Be Withheld Under Full Retirement Age $ 15,480/yr. ( $ 1,290/mo.) $ 1 for $ 2 The Year Full Retirement Age $ 41,400/yr. ( $ 3,450/mo.) $ 1 for $ 3 Month of Full Retirement Age & Above No Limit No Limit

11. 11 Social Security Disability Benefits Social Security Disability Benefits

12. 12 Social Security’s Disability Definition: A medical condition preventing substantial work for at least 12 months, or expected to result in death. The determination also considers age, education & work experience. A medical condition preventing substantial work for at least 12 months, or expected to result in death. The determination also considers age, education & work experience.

13. 13 Supplemental Security Income Program Supplemental Security Income Program

14. 14 SOCIAL SECURITY VS. SSI Social Security Earned No income & resource limit Medicare SSI Based on Need Limited income & resources Medicaid

15. 15 Who Can Get SSI?  Age 65 or older  Blind—any age  Disabled—any age  Limited income  Limited resources Supplemental Security Income (SSI) Noncitizens must meet special requirements to qualify

16. 16 Benefits for Family Members Benefits for Family Members

17. 17 Who Else Can Get Benefits on a Worker’s Record? Spouse  At age 62  At any age if caring for child 16 under 16 or disabled  Divorced spouses may qualify Child  Not married under age 18 (under 19 if still in high school)  Not married and disabled before age 22

18. 18 Who Else Can Get Benefits on a Deceased Worker’s Record? Widow or Widower:  Full benefits at full retirement age  Reduced benefits at age 60  If disabled as early as age 50  At any age if caring for child under 16 or disabled  Remarriage after age 60 (50 if disabled)  Divorced widows/widowers may qualify Children

19. 19 Medicare Benefits Medicare Benefits

20. 20 65 & older -or- Receiving Social Security disability benefits at least 24 months -or- Permanent kidney failure -or- Amyotrophic Lateral Sclerosis (ALS) 65 & older -or- Receiving Social Security disability benefits at least 24 months -or- Permanent kidney failure -or- Amyotrophic Lateral Sclerosis (ALS) Who Can Get Medicare?

21. 21 Medicare Coverage Part A - Hospital Insurance  Covers most inpatient hospital expenses  2014 Deductible $ 1,216 Part B - Medical Insurance  Covers 80% doctor bills & other outpatient medical expenses after 1 st $ 147 in approved charges  2014 Standard Monthly Premium $ 104.90 Part D - Medicare Prescription Drug Plan  Covers a major portion of prescription drug costs for Medicare beneficiaries  Enroll With Medicare prescription drug provider not SSA  Annual enrollment period October 15 through December 7

22. 22 Extra Help for Medicare Prescription Drug Costs Extra Help for Medicare Prescription Drug Costs Extra Help is available for beneficiaries with limited resources and income to help pay for the costs—monthly premiums, annual deductibles and prescription co- payments—related to a Medicare prescription drug plan. The Extra Help could be worth an average of $ 3,900 per year.

23. 23 For More Medicare Information 1-800-MEDICARE (1-800-633-4227) TTY 1-877-486-2048 www.medicare.gov 1-800-MEDICARE (1-800-633-4227) TTY 1-877-486-2048 www.medicare.gov

24. 24 Boldly Go to Social Security’s Online Services Boldly Go to Social Security’s Online Services  Estimate future benefits  Apply for Retirement & Disability  Apply for Extra Help  Request and view your Statement  Change Address  Replace Medicare Card  Request a Benefit Verification Letter  Start or Change Direct Deposit  Estimate future benefits  Apply for Retirement & Disability  Apply for Extra Help  Request and view your Statement  Change Address  Replace Medicare Card  Request a Benefit Verification Letter  Start or Change Direct Deposit

25. 25 www.socialsecurity.gov

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27. 27 Information for American Indians and Alaska Natives

28. 28 www.socialsecurity.gov 1-800-772-1213 TTY 1-800-325-0778 www.socialsecurity.gov 1-800-772-1213 TTY 1-800-325-0778 VISIT OUR WEBSITE OR CALL