When most people think of Social Security, they usually picture retirement payments. However, Social Security offers more than just retirement benefits. It also includes disability insurance, Supplemental Security Income (SSI), and survivors and family benefits. Not everyone qualifies for all these benefits, and sometimes, they may not be enough by themselves. In some cases, you may even be eligible for multiple benefits at the same time.
Types of Social Security Benefits
Retirement Benefits
To get Social Security retirement benefits, you need to earn 40 work credits. You earn these credits by working and paying payroll taxes. In 2024, you earn one work credit for every $1,730 you make. Usually, it takes about 10 years of work to get the 40 credits needed for retirement benefits.
Disability Insurance (SSDI)
Social Security Disability Insurance (SSDI) is for people who have worked a certain number of years and paid enough taxes into the system. You also need to have a disability that meets the Social Security Administration’s (SSA) strict guidelines. For example, if you want to claim SSDI at age 60, you must have worked for at least 9.5 years. Younger people can qualify with fewer work credits.
Supplemental Security Income (SSI)
SSI is for low-income Americans who are disabled, blind, or aged 65 and older. Some people who receive retirement or SSDI benefits may also qualify for SSI if their income and resources are limited.
Survivors and Family Benefits
When a worker dies, their family members, like spouses and children, may be eligible for benefits based on the worker’s record. They may also receive a death lump sum. Similarly, when a worker qualifies for retirement or SSDI benefits, their family members might also get monthly payments.
Earning Work Credits
To qualify for retirement and disability benefits, earning work credits is essential. Here’s how you can earn them:
- Work Credits: You get one credit for every $1,730 you earn in 2024.
- Retirement Benefits: Requires 40 work credits, which you usually earn over 10 years.
- SSDI: Requires enough work history and a qualifying disability.
SSI Eligibility
SSI is aimed at low-income individuals who meet specific criteria:
- Disability or Blindness: You must have a qualifying condition.
- Age: You must be at least 65 years old.
- Income and Resources: You must meet low-income requirements.
Survivors and Family Benefits
Family members can receive benefits under certain conditions:
- Survivors Benefits: Available to spouses, children, and other family members of a deceased worker.
- Family Benefits: Spouses and children of workers eligible for retirement or SSDI may qualify for monthly payments.
Checking Your Eligibility
To make sure you get the benefits you’re eligible for, use the SSA’s benefit calculator tools. You can also check your Social Security Statement to understand your potential payment amounts and eligibility for different benefits.
Quick Reference Table
| Benefit Type | Eligibility Criteria |
|---|---|
| Retirement | 40 work credits (10 years of work) |
| Disability Insurance (SSDI) | Work credits (varies by age) and a qualifying disability |
| SSI | Low income, disability/blindness, or age 65+ |
| Survivors Benefits | Family members of deceased workers |
| Family Benefits | Spouses and children of workers with retirement or SSDI benefits |
Understanding Social Security benefits can be tricky, but knowing the different types of benefits and their requirements is the first step to making the most of what the system offers. Whether you’re planning for retirement, dealing with a disability, or managing the loss of a loved one, Social Security provides vital support for many Americans.
What types of benefits does Social Security offer?
Social Security offers retirement, disability (SSDI), Supplemental Security Income (SSI), and survivors and family benefits.
How do I qualify for Social Security retirement benefits?
You need 40 work credits, usually earned over 10 years of work.
What is the difference between SSDI and SSI?
SSDI is for people who have worked and paid Social Security taxes, while SSI is for low-income individuals who are disabled, blind, or aged 65 and older.
Can I receive multiple Social Security benefits?
Yes, in some cases, you can qualify for multiple benefits at the same time.
How can I check my eligibility for Social Security benefits?
Use the SSA’s benefit calculator tools and review your Social Security Statement to check eligibility and potential payment amounts.