[ad_1]
The US Social Security Administration administers social programs, including Social Security Retirement, Survivors, and Disability. It determines monthly payments based on age and contributions, and oversees the distribution of benefits. Medicare is not administered by the SSA, but is funded by general income, premiums, and Social Security taxes. The Social Security Act established the program in 1935, and the SSA is currently headed by a commissioner and operates under the Department of Health and Human Services.
The United States Social Security Administration (SSA) is an independent government agency that administers social programs. Its primary function is to administer Social Security, a government program that provides for the economic well-being of the individual through payments to people who are retired, unemployed, or unable to work. The US Social Security program gets its funding from the mandatory contributions of employers, employees and self-employed persons.
There are three main Social Security programs: Social Security Retirement, Social Security Survivors, and Social Security Disability. The Social Security Administration oversees the distribution of Social Security benefits for the three major programs. When people reach the age of 62, they can claim Social Security benefits.
The SSA will determine how much the individual will receive each month based on age at the time of application and contribution. It is also in charge of determining the monthly amount to be paid to the survivors of deceased workers under the survivors’ program and the amount to which disabled workers are entitled under the disability program. The monthly social security allowance is based respectively on both spouse’s earnings during employment and on the employee’s employment history.
While the SSA administers most major Social Security programs, there are some that do not. Medicare is one of the most popular insurance programs for seniors, but the Social Security Administration doesn’t administer it. Medicare is a federal program that helps older adults pay for health care bills. Funds for the program come, in part, from Social Security taxes, so most Americans mistakenly believe that the SSA is responsible for managing the program. The program is funded by general income, premiums, and part of Social Security taxes; it is administered by the US government and each state sets its own guidelines.
The Social Security Act (42 USCA § 301 et seq.) of 1935 established the Social Security Program at the federal level. Prior to this, social security existed only at the state level. Also in 1935, the Social Security Act assembled a Social Security Board to help implement and monitor the program. In 1946, under President Harry S. Truman’s reorganization plan, the Social Security Board was renamed the Social Security Administration.
A commissioner heads the Social Security Administration and currently operates under the United States Department of Health and Human Services. It is the largest subdivision of the Department of Health and Human Services (DHHS), consisting of approximately 62,000 employees, working in a total of 10 regional offices, 6 processing centers and 1,300 field offices. The central office is located in Baltimore, Maryland.
[ad_2]