The Social Security Administration is the federal agency that administers the Social Security program, providing retirement and disability benefits to over 61 million Americans. It also administers Medicare, covering health services for nearly 52 million Americans. The Social Security Administration is governed by the Social Security Act, which was established in 1935 and continues to be the guiding law in providing Social Security benefits to its recipients.
How Does the Social Security Administration Work?
The primary function of the Social Security Administration is to manage the Social Security program, which serves as a form of income insurance for workers who qualify for the benefit. The Social Security Administration processes benefit claims, collects payments from employers and workers, and maintains the public trust fund that ensures the long-term sustainability of the Social Security program. It also uses the latest technology to combat fraud and protect the public’s money.
What Are the Benefits of the Social Security Administration?
The Social Security Administration provides key benefits that can help millions of people maintain their standard of living. Through Social Security Retirement benefits, a portion of one’s salary is put aside to help sustain their retirement. Social Security Disability benefits are available to those who qualify due to medical issues keeping them from becoming self-supporting. The Social Security Administration also provides Survivors benefits for families who have lost a loved one.
Conclusion
The Social Security Administration is a key provider of vital benefits for millions of Americans. With its long-standing focus on providing top-notch customer service and protecting the public’s money, the Social Security Administration continues to serve as a beacon of security and stability for its beneficiaries.