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How to Collect Social Security if You Didn't Work Enough - YouTube
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everybody thinks that you automatically
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get social security and medicare when
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you reach a certain age i don't really
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know
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any of the details but that's pretty
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common knowledge that you're going to
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get it well it's not true
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in order to get social security and
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medicare
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you have to work and pay those
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those taxes your fica for a certain
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amount of time
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to qualify
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[Music]
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[Applause]
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so if i was a stay-at-home mom i was a
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homemaker my entire life
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and i never paid social security taxes i
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never worked
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i wouldn't qualify but the government's
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got me
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they're gonna say well you have a
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qualifying spouse
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but you have to be married at least 10
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years so if i was married at least 10
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years
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the fact that i never worked paid social
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security taxes
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i will qualify for medicare because i
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was married to him for 10 years
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he worked and he paid the fica even if
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we get divorced
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and even he if he's remarried my
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medicare is good even if i remarry
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my medicare is good i'm gonna get
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medicare i'm gonna be eligible for
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medicare
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at 65. now let's say
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he didn't work a full 10 years
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now we got a problem because now
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medicare part a
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is not free at 65 it's not premium free
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because i didn't pay in
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and my spouse didn't pay in so i can pay
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for medicare part a
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but it's pricey so the way
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social security and medicare do it they
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break it down into quarters and you have
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to have 40 quarters and it's
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that you don't want to know exactly how
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the sausage is made you have google you
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can google all that
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i'm just trying to make it simple okay
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medicare for dummies so you gotta have
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40 quarters well let's say you only have
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39 quarters
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you don't get premium free medicare part
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a you got to pay for it
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and you will have to pay it's under 300
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it's like 257 dollars something like
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that that's in 2021 so
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clearly that goes up every year
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depending on what year you're watching
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this so you're going to have to pay that
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for part a
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then you got to pay for your part b
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which is going to be at least 150
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and then you're going to buy your
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supplemental insurance and your drug
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coverage so we're talking a big
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amount of money spent on health care
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right now so it would be ideal
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if you get your medicare part a premium
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free and you can do that if your one
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quarter short go work
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go back to work work for that quarter
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we'll tell you how or the google will
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tell you how
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so that you can get that medicare part a
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for free now that's if you were just one
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quarter short
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let's say you were more than 30 quarter
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short you
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you instead of you're one third short
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now you got to pay the full price for
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medicare part a and
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in 2021 that's like 421 dollars
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okay you can tell by my reticence here
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that i'm not 100 sure on the exact
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amount the exact amount doesn't count
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you get my idea it's expensive okay
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so if you were close you had 30 to 39
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quarters you're only going to pay 250
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and if you didn't come close you're
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going to pay 420 basically you're going
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to pay about double
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and that also comes into play when we
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have
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people that move here that didn't
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haven't paid in they've worked elsewhere
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and they need to buy premium
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medicare part a a lot of times we have
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doctors and lawyers and high
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professionals that
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immigrate here and they're able to pay
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that most of my clients
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that paying for medicare part is very
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expensive let's talk
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about social security so social security
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you have to work your 40 years your 40
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quarters or 10 years
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to get your social security benefit and
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they base how much money you get
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off your highest 35 years of earnings
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you want to know what your earnings look
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like you want to know what your pool of
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money looks like that you've accrued to
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date
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make a free account at ssa.gov
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ah it takes like 10 minutes you're going
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to want to copy the front in the back of
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your
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driver's license and secret passwords
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and all that stuff
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but then that will tell you if you died
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today what would your spouse get
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if you became disabled today what would
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you get what would your minor kids get
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what would your spouse get if if you
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uh retired today how much retirement
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could you get
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if you waited a year how much more would
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it grow if you waited two years three
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years four years
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so that's your money it's your
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information go claim it go to
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socialsecurity.gov
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and go figure out what you've already
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done so far
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now if you haven't worked enough to
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qualify for social security retirement
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on your own
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just like we talked about medicare you
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can be married to someone
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so if i was married to my spouse again
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it's the same time
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at least 10 years and my spouse
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qualifies for social security retirement
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because he paid in
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the fact that i never worked that i
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never paid any social security taxes
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i can still qualify and get my medicare
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based off that marriage based off him as
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the worker
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and i can also get social security
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retirement based off him as a worker
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regardless if he's remarried if he's
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married and divorced several times
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i'm still going to qualify based off the
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marriage
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being the qualifying event because i was
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married to him at least 10 years
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and i can get social security spousal
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benefits now there's more to it what age
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i draw
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and how much i get based on drawing
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early and if i'm able to marry yet
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and all that stuff but the key factor is
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for those people that didn't earn enough
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credits they can draw off their other
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their better half their spouse they were
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legally married
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at least 10 years if you're you're not
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legally married if you're just
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partnered up watch my video on common
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law marriage
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that'll answer some of your questions
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thank you for watching me
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please let my family here at the
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medicare family help your family with
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your retirement
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medicare social security questions
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