Social Security Benefits

Society Security Disability benefits are designed to help disabled people make ends meet while they are unable to work. Each year, the Social Security Administration (SSA) denies needy Oklahoma residents the Social Security Disability (SSD) benefits they deserve. In fact, over 80% of people who apply for SSD benefits in Oklahoma are denied on their first try. This may seem hopeless and you might wonder just what it takes to be approved for benefits. Those who are denied should not give up on the first try. Luckily, there is an appeals process if you are denied the SSD benefits you need and are entitled to. Unfortunately, the appeal process can be a long and difficult one.

Originally, it only covered people working in the commerce and industry. If said person died, their husbands or wives (usually wives) and children could not collect their benefits. No matter how high or low of benefits were racked up. Over time, this started to change, by 1939, spouses and young children of those who have passed could receive uncollected benefits. 4 In 1940, the financing of social security changed mildly but it made a big difference. There was now a trust fund and a difference in size of the financial reserves so how the social security benefits were disbursed was handled much better. Retired workers could now receive their benefits much faster and the social security tax rate was postponed to 1942. Social security did not see any more big changes until 1950 when coverage was extended to numerous workers in industries that were previously not covered for Social Security Benefits. They continued to extend benefits to different kinds of workers for the next five years; by 1955 90% of workers were available to receive Social Security Benefits. Another big thing that happened in the 1950 was the new benefits that were extended to people with disability. At the beginning of the program, only people 50 years and older were able to collect benefits. Over the course of the 1950's though, the stringent laws were lessened and more people could rece--ive the disability

When people pay into social security eighty-five percent of each dollar is designated for and put into a trust fund for the use of retirees and their families, while the other fifteen percent goes into a trust fund that benefits people with disabilities and their families. The benefits that you would receive tend to reflect how much income that you have earned, so that if you have earned a higher income over the course of your life you may be eligible for more benefits and vice versa a person who earned lower income throughout their life. However in order to be eligible to qualify for social security you will need to into it. Most of the time people will need a total of forty credits to qualify and a credit is equivalent to $1,260 as of 2016 and you can only receive up to four credits a year. Therefore it takes about ten years for most people to qualify for social security (Social Security Administration, 2016). So, Social security has to be earned throughout a person life time in that they need to pay into it for a minimum of ten years as a retiree and less if you get disabled, and thus continuing the cycle of social security for the next

Close your eyes and picture a country with limited amounts of food, people staving, people in financial crisis with no means to support their family or self. Now open your eyes, were the people you envisioned older men, women, and children? If you said yes, you’ve visualized The Great Depression.

Although Social Security is often associated with retirees, benefits can be used to help a wide variety of people, regardless of age. Whether you have become disabled or are experiencing financial hardship, these benefits can provide you and your family with valuable aid to prevent hardship and improve quality of life. Below, the Social Security disability attorneys at Young, Reverman & Mazzei Co., L.P.A. discuss your available SSD options.

===The goals of the Social Security program is to bring monetary assistance to specific and certain groups such as the elderly, disabled and widows. The goals of the social security program, as stated in their government page are, “to keep American families from becoming destitute--in health or in the essentials of life. We do not want a program which, alone, would enable anybody to live in luxury; but we do want a program that will assure every family in the Nation enough to live on in times of adversity.” (ssa.gov) To learn about one of America’s most successful program it is important as a reader to know that this program has been around for 80 years, since August 14, 1935 when President Franklin Roosevelt signed and made Social Security

Disfigurement or deformity. This results from skin lesions and might result in the loss of sight, hearing, speech, and the ability to chew.

This report was written on November 20, 2015, by Brittney Bowman, using sources from the VU library website. In this report, I will discuss the presently debated topic of the future of the Social Security program. I will do this by providing information on the history of the program, exploring the current standing of the program and its related uncertainty, and discussing the future of the program. The purpose of this report is to fulfill the business report assignment requirements by exploring the future of Social Security and what events have brought the program to where it is now. The problem with this issue is that due to conflicting information being reported, the current state of the Social Security program is unknown and is rumored to be running out of funds with the program reaching bankruptcy in the very near future. However, this is still debated upon between groups on whether the program is actually going broke. Regardless, the Social Security Program has been a very common source of income for retirees for nearly a hundred years and it will very soon need to be revitalized to accommodate growing need and demand.

Hoffman, M. R., & McKenzie, K. S. (2014). The Reality of Social Security: If Reform Doesn't Happen, What Must Each of Us Do?. Journal Of Accounting & Finance (2158-3625), 14(2), 124-134.

Medicare could be in jeopardy of not existing in the near future, but the number of physicians that have the knowledge is not adequate to provide the necessary care (Archer, 2012). The elderly population will need Nurse Practitioners and Physicians Assistants that are educated in dealing with special needs (Archer, 2012). The rising cost of medicine for the elderly and paying out of pocket.

The American Social Security system is projected to help people with limited financial resources, including the poor, the physically disabled, the mentally ill, and the elderly (Grabianowski 2015). It was created in response to the pervasive poverty during the Great Depression to provide workers with a basic level of income in retirement, as well as disability pay and life insurance while they work (Kessler, 2014). In addition to providing benefits for workers, it also covers their dependents, immediate family members, and even divorced spouses, at the time of serious accidents or illnesses (Kessler, 2014). The first widespread social security program I America was the Civil War Veteran pensions in 1982 that supported injured Union veterans or to their widows. This plan expanded in 1910 to include Civil War veterans and their survivors (Social Security Administration). As America went into economic recession following the stock market crash of 1929, the Great Depression brought a strong focus on the need for a comprehensive system that provided assistance to the poor and elderly, so they could live independently (Social Security Administration). In 1934, President Roosevelt formed a Committee on Economic Security (CES), who came up with a plan that allowed workers to put a small percentage of their pay into an aggregate account that could be drawn when they retired, to help meet their monthly expenses, which became the Social Security Act (SSA) in 1935 (Social Security

In 2015, America’s Social Security System turns 80 years old. The original act was a landmark bill, as it was the establishment of America’s safety net. The promise of the act was to ensure that America’s retirees would have some protection from poverty. Since the Social Security Act of 1935 was passed, the social safety net has been expanded to cover additional groups and classes of people. The most important additional programs established being MediCare and MedicAid. After years of running a surplus, Social Security has reached an inflection point. At the current rate of drawdown, the trust fund will run dry, and Social Security will begin to operate as a pay-as-you-go program,

Social security is the government providing minimal financial support for individuals with little or no income. Social security can provide insurance, but around four out of five social security users are the elderly, or retired people. According to cpbb.org nearly ninety six percent of people ages 21-65 earned life insurance through social security. Social security also ensures that people will have retirement protection. This is for citizens sixty to ninety. (http://www.cbpp.org/research/social-security/policy-basics-top-ten-facts-about-social-security). For the elderly, social security is a way to get money, and for those with social security it is a major source of it too. According to the U.S. Social Security Administration, the social

Since the beginning of the 2007, Americans have worried about their individual finances, especially when it comes to future financial security. With the recent recession crippling most Americans ideas of retirement, a proposal has been presented with hopes of lessening the burden to senior citizens when it comes to retirement.1 The proposition that NIFI.org advances is increasing the Social Security Income Tax on households, asking for a raise from the current 6.2% to a future 7.2%. NIFI.org contends that this tax will enable funding for Social Security to remain unhindered for the next twenty years, which would give policy makers further time to make additional changes to the program. This paper will present a counter argument to the

If you live in the state of New Jersey and are considering submitting an application to receive Social Security Disability benefits, there are a few things you may want to keep in mind.