ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Signing Up for Social Security Benefits

Updated on December 11, 2017
jackclee lm profile image

Jack is currently a volunteer at the Westchester County Archives. Jack has worked at IBM for over 28 years.

Introduction

This year, on the anniversary of my 66th birthday, I decided to apply for my social security benefits. It was an exhibition for me how our government works.

- Dec. 2017

Background

My first task was to determine when to claim my benefits. I am qualified for full benefits at age 66. However, if I delay collecting, I would get an 8% bump for every year I delay collecting. Also, since my wife is still working, and our combined income is above the limit, part of my social security benefit is subject to income tax if I choose to collect now. After some calculatons, it was clear to me that given my circumstance, I would be better off collecting now rather than later. It is estimated that it would take 10 years or so to break even. That is to say, I would make just as much in life time benefits, collecting now rather than wait till age 70.

How to File?

I scheduled an appointment at my local social security office and went in to talk to them. They pulled up my information and asked a few questions and then gave me the exact number that I would be qualified to recieve assuming I file at my 66th birthday. They informed me the best way to file is to go online. Also, they informed me that my medicare premium would now be automatically deducted from my benefits. Since I turned 65 last year, I have been paying my medicare premiums by quarterly basis. This would make that payment process unnecessary.

In order to file on line, I needed to create an account at the social security website.

“https://www.ssa.gov“ - My Social Security.

I did the registration by entering a few key information and have a working account. Next step is to apply for benefits. For the life of me, I could not find a menu item or button to apply. After about 10 minutes, I gave up and called the 800 help number.

Here is the secret. You cannot file for social security at the Social Security Acount page. There is a completely different website for filing.

Here is the link -

“https://secure.ssa.gov/iClaim/rib”

This is a one time process to sign up and file for Social Security.

In a typical government bureacracy, a website is devoted for one single purpose.

Subsequent Events...

Three months later, after filing for social security benefits and receiving my monthly distribution via direct deposit, I received a pleasant surprise. A check from the US Department of the Treasury.

It seems they are refunding two months of medicare payments. Since I had paid the quarter amount for my medicare insurance in advance, the social security had doubled dipped and now refunding the two months of premiums.

I am glad they caught this mistake but it does beg the question, how did this happened? All the information regarding my account is well know by the social security agency. You would think their accounting system would have known that I was paid up on my medicare till the end of the quarter. They could have started my social security payments and not deduct the medicare portion for the first two months. This would have avoided the need to send me a check.

The inefficiency of big government programs is front and center on exhibit in this simple case. If this happened to me, an average citizen, you can bet this is repeated million of times. The savings of having to issue and process and mail a check can be realized with a simple accounting change.

Summary

In summary, I guess social security is our safety net. After paying into the system all my adult life, I am finally reaping the benefits. It is estimated that it takes on average three workers to help pay one retiree. I guess I am thankful to all the people working. You are making my retirement a joy.

I just wish our government could be runned more efficiently.

© 2017 Jack Lee

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)