Your Questions About Factors Affecting your Social Security Benefits
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by: albert.tobega
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Q: I own a business, but do not run it myself. Can I have still apply for social security benefits?
A: The SSA defines the word disability as being unable to complete any substantial activity that will earn you a living. What is considered "substantial gainful activity" comes from the National Wage Index, which averages monthly wages across the board. They consider a person to be working any day that he or she "is the owner or part owner of a trade or business even if he or she does not actually work in the trade or business or receive any income from it."
The money your business makes may have an effect on your social security disability. The income you receive from your business, regardless of who runs it, may be considered substantial if it exceeds a determined SGA (or substantial gainful activity) level. This level is determined by comparing your business earnings to your pre disability earnings, and the earnings of a non disabled person engaged in the same business.
Q: What will happen to my claim if I die while in the process of applying for benefits?
A: The SSA states that when an individual who was or could have been eligible to receive social security benefits becomes deceased, surviving family member can request a Lump Sum Death Payment. This means that, if you were to die in the process of applying for social security benefits, your survivors may make a case for the social security benefits you may have earned after the waiting period. In order to receive the lump sum payment, your survivors must prove that you would have qualified for social security disability in the month of death.
Lump Sum Death Payment of social security benefits is available only to particular surviving family members. When making the claim, the family will need to provide information and records about the deceaseds social security benefits eligibility and application (if there was one). They will also request evidence of the deceaseds disability beginning at 14 months before the date of death.
Q: What will happen to my social security benefits, once I am already on them, and I die?
A: When you are receiving social security benefits, and have paid social security taxes, some family members may be eligible to receive survivors benefits upon your death. In general, for family members to receive survivors social security benefits, ten or so years of work will be needed (though this does vary). Survivors social security benefits can be paid to:
• A spouse, with full benefits when they reach retirement, or some benefits beginning at age 60 • A disabled widow or widower, starting at age 50 • Children less than 18 years of age (or as old as 19 if they still attend secondary school) • Currently disabled children who were disabled at less than 22 years of age • Dependent parents who are 62 years old or older. More related information Social security benefits orlando | Social security attorney | Attorneys for social security disability | Veterans lawyer |
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