Jump to content

Recommended Posts

Posted

If I get a job here at 59 years old and my employer enrolls me in the social security program am I still eligible toย  continue coverage by making payments myself if I end employment after the proper period of time?ย  (How long is that, by the way?)ย 

ย 

I was last enrolled in SS here in 2002.ย  Should have continued making payments then, but I didn't know I could.ย ย 

ย 

Thanks for your knowledge.

ย 

ย 

Posted

My understanding is that you are still eligible to contribute to the system at any age, but you cannot collect and work at the same time. Minimum age to collect is 55 years old. You need a minimum of 15 years contributing to the system in order to be eligible (it does not need to be continuous). If you have less than 15 years, you can submit a form with the government and get your contribution money back.

ย 

You mentioned that one can continue to contribute while not working (if I understand you correctly). That is great news for me, as I have 13 years already and not sure how much longer I will actually work. Doing the math, it is much better to contribute up to 15 years and collect rather than receive a payout.

ย 

Posted

Sorry. I'm just referring to the medical coverage aspect.ย ย 

ย 

I've learned it's too late for me as you need to be employed for a full year prior to age 60 before you can pay on your own.ย 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...