Social Security Work Incentives
Work Incentives are special rules that make it possible for a beneficiary to attempt work while still receiving health care and cash benefits. For beneficiaries who receive SSDI, cash benefits continue for a defined time period and are eliminated only when the beneficiary reaches a level of earnings, known as Substantial Gainful Activity (SGA), through his or her job. SSDI beneficiaries who receive Medicare may be able to keep the coverage for at least eight-and-a-half years after returning to work. A Social Security provision known as 1619(b) allows SSI and concurrent SSDI/SSI beneficiaries who receive Medicaid coverage and depend on it in order to work to keep that coverage if their annual earnings from work are below State specific thresholds and they have limited resources. If a beneficiary’s earned income is high enough to disqualify him or her from coverage under 1619(b), many states enable beneficiaries who have returned to work to purchase Medicaid coverage at affordable rates through State-administered “Buy-In” programs. Social Security’s Red Book provides more information on Medicare and Medicaid continuation. Work Incentives, like these, help beneficiaries stay in control of their finances and healthcare benefits while they re-enter the workforce or often, work for the first time.
Read more about this topic: Ticket To Work, The Ticket To Work Program Components
Famous quotes containing the words social, security, work and/or incentives:
“Anthropologists have found that around the world whatever is considered “men’s work” is almost universally given higher status than “women’s work.” If in one culture it is men who build houses and women who make baskets, then that culture will see house-building as more important. In another culture, perhaps right next door, the reverse may be true, and basket- weaving will have higher social status than house-building.”
—Mary Stewart Van Leeuwen. Excerpted from, Gender Grace: Love, Work, and Parenting in a Changing World (1990)
“If we could have any security against moods! If the profoundest prophet could be holden to his words, and the hearer who is ready to sell all and join the crusade, could have any certificate that to-morrow his prophet shall not unsay his testimony!”
—Ralph Waldo Emerson (1803–1882)
“One way or another we all work for our vice.”
—Ben Maddow (1909–1992)
“Perestroika basically is creating material incentives for the individual. Some of the comrades deny that, but I can’t see it any other way. In that sense human nature kinda goes backwards. It’s a step backwards. You have to realize the people weren’t quite ready for a socialist production system.”
—Gus Hall (b. 1910)