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    Glossary of Social Security Terms: A – L

    By Kenton Koszdin on July 12, 2018 | In Disability Insurance

    Glossary of Social Security Terms: A – L

    The process of applying for Social Security Disability Insurance (SSDI)and Supplemental Security Income (SSI) benefits requires that applicants understand many terms that are economic, legal and medical in origin. Today’s blog provides potential applicants for disability benefits with some understanding of this complicated language. Here is a look at some important terms associated with social security benefits:


    When Social Security renders or makes a decision regarding eligibility for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits, applicants have the right to appeal the decision if they disagree with it. An appeal is a review of the decision to determine if it was incorrect. The SSA may change its decision on appeal.


    Application for Benefits

    To receive Social Security benefits, Supplemental Security Income (SSI) payments, or Medicare, Individuals must complete and sign an application.


    COLA (Cost of Living Adjustment)

    Social Security benefits and Supplemental Security Income (SSI) payments may be automatically increased each year to correspond with inflationary increases in the cost-of-living.


    Decision Notice

    This refers to the official letter explaining the SSA’s decision and, if benefits are payable, the amount to be paid each month.


    Delayed Retirement Credits (DRC)

    Social Security benefits are increased by a certain percentage that depends on the applicant’s date of birth if a person delays taking retirement benefits after full retirement age. The benefit increase no longer applies after age 70, even if the person continues to delay taking benefits.


    Early Retirement

    Applicants may begin receiving Social Security retirement benefits as early as age 62 if insured, but the benefit amount will be less than that which would have been received if the claimant had waited until full retirement age. If retirement benefits are taken early, the amount of benefits will remain permanently reduced, based on the number of months benefits were received before the claimant reached full retirement age.


    Family Maximum

    This refers to the maximum amount of benefits payable to an entire family on one worker’s record.


    Full Retirement Age

    The age at which a person may first become entitled to full or unreduced benefits based on age.

    For workers and spouses born in 1938 or later and widows/widowers born in 1940 or later, the full retirement age increases gradually from age 65 until it reaches age 67 for:

    • Workers and spouses in the year 2027
    • Widows and widowers in the year 2029.


    Insured Status

    This is used to refer to workers that have earned enough Social Security credits to qualify for eligibility for retirement or disability benefits. It is also used to refer to dependents eligible to receive benefits because of a claimant’s retirement, disability, or death.


    My staff and I are dedicated to helping our clients establish eligibility for disability benefits. It’s difficult enough recovering from suffering a disability or illness, understanding the process and its specialized terminology just adds to the confusion about receiving the financial means necessary to support your family during recovery. This uncertainty can often be mitigated by the assistance of an experienced disability attorney. The Kenton Koszdin Law Office exists to help individuals in your situation. Contact us today for your free consultation. Call 800-438-7734 or visit us online. Se habla espańol!

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