Social security is the term used for federal program (OA SDI) in the United Sates. It began to make headway in1935. The prime motivation of this federal system is to provide financial support to its nation’s workers in retirement. Such an existence of a social security system is left concealed among most of the country’s workers and elderly citizens. It is an outrageous fact that only 1% of the US citizens were acquainted with the social security available as per the AARP survey conducted by financial advisors last year. The fact of the matter is that if one does not understand this basic amenity, he cannot secure the advantage of its benefits. Here are the five things everyone should know about social security: • Educate yourself: Educating yourself about social security will help you make the best decisions regarding your retirement. Working with a qualified planner who takes a holistic retirement planning approach that includes tax planning, risk management, and health care into consideration will also help to ensure you enjoy your stress-free retirement. So, work with an experienced retirement planner. • Disability payments: In case you develop physical or mental impairment and want to wind up your job; you still may be qualified for disability payments.

Losing important documents can be hassling, especially if it is something as important as your social security card. Although it is usually advised not to carry around your social security card in your wallet, a lot of people still do it, increasing the chances of losing the card in case their wallet is stolen or lost. However, you may not really need the card itself, but the number on it. Again, although the card is easily replaceable, here are some important steps to take in the meantime: – Review and monitor your credit report: If you have registered with any of the credit reporting agencies like Experian, TransUnion or Equifax, alert them about your card being lost and request a credit report as soon as possible so that any fraudulent activity is reported immediately. It is also a good idea to keep a close eye on your credit activities, especially after the card is gone in order to detect any red flags for any signs of fraudulent activity immediately, and take necessary steps accordingly. – Anti-identity theft: Personal identity numbers and cards like credit cards or bank account details can be reissued with new numbers, except for your Social Security Number, which remains unique to each person.

Disability benefits are one of the most important elements of the social protection systems. It addresses the needs of disabled people and their families and strives to provide basic needs for them. Along with financial assistance, some programs also provide medical assistance for disabled persons. If one is disabled and needs to avail of these benefits, they can find everything they need to begin their application process right here. Types of Disability Programs Supplemental Security Income (SSI) With SSI, a disabled or elderly person qualifies for a minimum basic financial assistance. These programs are specially designed for people with little to no income. Children with a disability and people over the age of 65 are also eligible for this program. Security Disability Insurance (SSDI) The SSDI is a program for people who have a working history and are now disabled and unable to work. To qualify for this insurance program, one must provide a document stating their disability and their work experience. Depending on the severity of the client’s condition and their work, insurance is provided to them. What do SSI and SSDI cover? The SSI and SSDI both cover monthly payments required for basic facilities like housing, food, and clothing.