| As an American citizen or a legal
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| | to issue the SSN is to utilize it in
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| resident of the U.S., how much do you
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| | facilitating the claims and benefits
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| know about Social Security? Here are some
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| | processing.
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| very important things you ought to know
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| | Every Social Security member is appointed
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| about it.
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| | with a unique number combination
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| Social Security is a federal law enacted
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| | different from everyone else. This means
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| in 1935 as one of President Franklin
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| | that it is not possible for two members
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| Roosevelt's New Deal programs. As the
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| | to have the same Social Security Number
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| title itself suggest, Social Security
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| | (SSN).
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| provides security for individuals from
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| | Members have the Social Security Account
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| future economic downfall due to physical
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| | that can be accessed only through their
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| limitations.
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| | Social Security Number and no one else's.
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| Particularly, it is for the elderly,
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| | These individual member's accounts is
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| survivors, and disabled workers and their
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| | used by the Social Security to maintain
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| families.
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| | and organize the records of the
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| The Social Security Administration (SSA)
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| | respective member. Furthermore, they also
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| is the one in charge of the Social
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| | account for the earnings and the benefits
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| Security program. SSA has the task of
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| | verifications under the Social Security
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| implementing the guidelines,
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| | records.
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| technicalities, legalities, paperwork and
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| | Our employers utilize our Social Security
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| other procedures involved in claiming for
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| | numbers to pay for our contributions,
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| Social Security benefits.
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| | together with their counterpart
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| Social security is also concerned with
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| | contribution. The SSN is also used by
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| retirement benefits for its members. It
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| | many financial institutions, which record
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| also extends benefits to the child or
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| | the amount of interest Social Security
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| children beneficiaries of a member
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| | members earn from them.
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| entitled to receive benefits but have
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| | Another important government department
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| already passed away.
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| | that makes use of our SSN is the Internal
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| Since 1965, Social Security also imparts
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| | Revenue. They use our SSN to determine
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| health insurance benefits to eligible
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| | the amount of tax a Social Security
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| persons under the Medicare/Medicaid
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| | member is obliged to pay. A member's
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| programs. Many other programs have also
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| | Social Security account provides many
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| been implemented involving the needy
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| | references for both government as well as
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| population of the country, as
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| | private businesses, especially when they
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| beneficiaries.
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| | are searching for information about their
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| Before benefits are granted, however, you
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| | employees.
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| have to satisfy all the requirements set
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| | Nevertheless, there is no need to worry
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| by the SSA.
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| | about identity theft. It is not as if our
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| The basic operation of Social Security
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| | accounts are open to all. Any information
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| revolves around this manner: The would-be
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| | inside the Social Security Account of a
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| members work and pay their respective
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| | member cannot be released without consent
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| Social Security contributions. When they
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| | from the concerned member.
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| retire, the Social Security provides them
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| | A double safety net is that, unless the
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| the retirement benefits they are entitled
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| | law permits the release of any data only
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| to base on certain computations.
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| | then can any provision from the member's
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| Likewise, if a member became disabled
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| | account be released.
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| before their target retirement, they
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| | It is important not to lose your SSN. If
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| still get to avail of disability
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| | you lost your SSN, it is important to
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| benefits. Their spouse and children can
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| | apply immediately for another card by
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| also receive monthly benefits.
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| | calling the SSA hotline.
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| The SSA provides members with their
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| | Do not forget how important Social
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| individual SSN or Social Security Number.
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| | Security is to our lives. Be sure to
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| The underlying principle behind the need
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| | safeguard that information at all times.
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