The Social Security
Administration (SSA) administers several key social security programs aimed at providing financial support and assistance to eligible individuals and their families. These programs are designed to address various aspects of social security, including retirement, disability, survivor benefits, and supplemental income. The main social security programs administered by the SSA are as follows:
1. Retirement Benefits: The SSA's primary program is the Old-Age, Survivors, and Disability Insurance
(OASDI) program, commonly known as Social Security. This program provides retirement benefits to eligible workers who have accumulated enough credits through their employment history. The amount of retirement benefits received is based on the individual's earnings history and the age at which they choose to start receiving benefits.
2. Disability Benefits: The SSA also administers the Social Security Disability Insurance (SSDI) program, which provides financial assistance to individuals who have a qualifying disability that prevents them from engaging in substantial gainful activity. To qualify for SSDI, individuals must have worked and earned enough credits to be considered insured under the program. The severity and duration of the disability are also important factors in determining eligibility.
3. Survivor Benefits: The SSA offers survivor benefits to the spouses, children, and dependent parents of deceased workers who were insured under the OASDI program. Survivors may be eligible for monthly benefits based on the deceased worker's earnings record. These benefits provide financial support to help families cope with the loss of income due to the death of a wage earner.
4. Supplemental Security Income (SSI): SSI is a needs-based program administered by the SSA that provides financial assistance to elderly, blind, or disabled individuals with limited income and resources. Unlike the OASDI and SSDI programs, SSI is not based on prior work history or earnings. Eligibility is determined by income and asset limits set by the SSA, and beneficiaries may also qualify for Medicaid
5. Medicare: While not directly administered by the SSA, the agency plays a crucial role in the enrollment and administration of Medicare, the federal health insurance
program for individuals aged 65 and older, as well as certain younger individuals with disabilities. The SSA processes applications, determines eligibility, and assists with enrollment in Medicare Part A (hospital insurance) and Part B (medical insurance).
In summary, the main social security programs administered by the Social Security Administration include retirement benefits, disability benefits, survivor benefits, supplemental security income, and assistance with Medicare enrollment. These programs aim to provide financial support and security to eligible individuals and their families during retirement, in the event of disability or death, or for those with limited income and resources.