Every government provides financial assistance to the people with no or inadequate income, such assistance is referred to as social security.
Social security mainly targets children, the elderly, the sick and the unemployed who are struggling in meeting their daily needs by offering assistance. The organizations provide assistance in form of shelter and food as well as promoting their health and well-being more so to segment of the society such as children, the elderly, the sick and the unemployed.
The main contingencies protected in social security include responsibility for the maintenance of children, suspension of earnings due to pregnancy and confinement and their consequences. The other main areas also include suspension of earnings due to an inability to obtain suitable employment for protected persons who are capable of, and available for work, suspension of earnings due to an incapacity for work resulting from a morbid condition, permanent or persistent inability to engage in any gainful activity, treatment of any morbid condition including pregnancy, as well as loss of support suffered by a widowed individual or child as the result of the death of the provider.
For one to receive social security benefits, they must enroll to one of the following basic categories based upon the record of their earnings, these include retirement, disability, dependents, and survivors benefits.
It is vital for people to enroll to retirement benefits program under social security if they want to get assistance once they retire from work. It is worth noting that if you want to be a beneficiary of retirement benefits, you must be under covered employment for a period of time and retired at the age of sixty-two. The moment you reach the age of sixty two and have enrolled to retirement benefits program, you can be assured of getting the benefits. In some cases, one may want to receive the payments before they reach the full retirement age, in such a case, the amount of the benefit will be reduced by a certain percentage.
Social security also covers the disabled people in a country. In the event that one has met all the work requirement in their country and is considered disabled under the Social Security program’s medical guidelines, they can be assured of getting disability benefits.
In addition, people can also get dependents benefits under social security. When one is a spouse of a retired or disabled worker who qualifies for Social Security retirement or disability benefits, they are entitled to dependent benefits. In addition, the benefits are not only entitled to people who are spouses of retired or disabled workers but also their minor and their disabled children.
In the event that you are the surviving spouse of a worker who qualified for Social Security retirement or disability benefits, you and your minor or disabled children may be entitled to benefits. It is worth noting that when your qualification for survivors benefits program is also based on your deceased spouse’s earnings record.