Retirement benefits are synonymous with Social Security but the program is so much more broader. There are other benefits that you can get, not only for yourself, but also for your family. Here are some Social Security benefits that you may be missing!
- Spousal benefits from an ex-spouse
- You may be entitled to Social Security benefits from your ex following your divorce. If you meet all the requirements below, you can certainly apply:
- Your ex is entitled to receive benefits;
- You were married for at least 10 years;
- You are single now;
- You are at least 62 years old; and
- The benefit you are entitled to receive based on your own work is less than the benefit you would receive based on the work of your ex.
- Spousal benefits from your current spouse
Spouses can receive as much as half of their husband’s or wife’s monthly benefit, even if you are a stay-at-home spouse. You can start claiming your benefits as early as aged 62 but you get more if you wait for your full retirement age. People are also eligible to receive this benefit at any age if they care for a disable child or a child under 16 years old.
- Parents benefits
If a parent is financially dependent on a child and this child dies, he or she may be eligible to receive the Social Security benefits in case the child dies. The criteria below must be met:
- The deceased worker is eligible to receive Social Security benefits;
- You are at least 62 years old and are unmarried;
- You have received at least one-half of your support from the deceased worker at certain points in time; and
- You are the natural parent or legal adoptive parent or stepparent prior to the deceased turning 16 years old.
- Disability benefits
If you have a work history that makes you eligible for Social Security benefits but you are now unable to work due to a chronic medical condition, you can apply for Social Security Disability benefits.
- Survivor’s benefits for widows and widowers
If your husband or wife dies, you may still be able to receive up to 100% of their Social Security retirement benefits. You can claim this as early as 60 years old. If you have a disability that has lasted at least seven years prior to the spouse’s death, you can claim as early as age 50. However, if you remarry before age 60, you cannot receive the survivor’s benefits.