What is the 'Social Security Administration - SSA'

The Social Security Administration (SSA) is a U.S. government agency created in 1935 by President Franklin D. Roosevelt, the SSA administers the social insurance programs in the United States. The agency covers a wide range of social security services, such as disability, retirement and survivors' benefits. Previously operating under the Department of Health and Human Services, the SSA has operated as a wholly independent agency since 1994.

BREAKING DOWN 'Social Security Administration - SSA'

Unlike the majority of U.S. federal government agencies, the SSA is not headquartered in Washington D.C. Instead, the agency is based in the city of Woodland, which is a suburb of Baltimore, Maryland. The SSA has seen numerous name changes and operational revisions in its lifetime as different administrations shaped the agency into their desired forms. The SSA provides a wide range of services, including (at the time of writing) determining citizen eligibility and premium payments for the Medicare program.

RELATED TERMS
  1. Substantial Gainful Activity - ...

    The threshold prescribed by the Social Security Administration ...
  2. National Average Wage Index - NAWI

    An index calculated annually by the Social Security Administration ...
  3. Old Age, Survivors And Disability ...

    The official name for Social Security in the United States. The ...
  4. Social Security

    A United States federal program of social insurance and benefits ...
  5. Social Security Benefits

    The monetary benefits received by retired workers who have paid ...
  6. Supplemental Security Income - ...

    A federal program that provides additional income for older and ...
Related Articles
  1. Retirement

    What Social Security Fraud Costs You

    Taxpayers lose billions of dollars every year, according to Social Security fraud statistics. What to look for.
  2. Retirement

    Step by Step: Applying for Social Security Disability

    Applying for disability benefits is no easy task – but it's well worth your time and effort if a disability is preventing you from earning a living.
  3. Retirement

    3 Ways to Get Social Security Benefits

    Social Security isn't just for retirement. Learn about all three benefits provided by the Social Security Administration: retirement, survivor and disability.
  4. Retirement

    How Social Security for Legal Immigrants Works

    If you earn enough work credits in the U.S. – or combined with credits from certain other countries – you can claim benefits. Here is how.
  5. Retirement

    The Purpose of a Social Security Statement

    Learn what information your Social Security benefit statement contains and how you can use the information to more intelligently plan for retirement.
  6. Retirement

    Filed for Social Security Too Soon? You Can Fix It

    Have you filed for Social Security too soon? There are two ways that you can fix it.
  7. Retirement

    Is Your Social Security Check Less Than You Thought?

    If you're counting on your Social Security check to cover financial gaps in retirement, you may be in for a shock if your benefits are less than expected.
  8. Retirement

    The Economics of Raising the Social Security Age

    Briefly examine the economics behind raising the retirement age for Social Security benefits and how it could impact the federal budget.
  9. Retirement

    Will Social Security Be Around for My Retirement?

    Here's what you may not know about our Social Security system and how it can affect your future.
  10. Retirement

    Work & Collect Social Security in Retirement?

    What to consider if working in retirement while collecting Social Security.
RELATED FAQS
  1. Is the Social Security administration a government corporation?

    Learn the difference between a government agency and a government corporation, and how the Social Security Administration ... Read Answer >>
  2. Is the Social Security administration part of the executive branch?

    Learn about various classifications of the Social Security Administration over the years and how it is an independent agency ... Read Answer >>
  3. What is the Social Security administration responsible for?

    Learn about the Social Security Administration's main responsibilities along with its history, structure and social safety ... Read Answer >>
  4. Where are the Social Security administration headquarters?

    Learn about the Social Security Administration's headquarters, why it is not located in Washington, D.C. and how it has evolved ... Read Answer >>
Hot Definitions
  1. Blue Chip

    A blue chip is a nationally recognized, well-established, and financially sound company.
  2. Payback Period

    The length of time required to recover the cost of an investment. The payback period of a given investment or project is ...
  3. Collateral Value

    The estimated fair market value of an asset that is being used as loan collateral. Collateral value is determined by appraisal ...
  4. Fiduciary

    A fiduciary is a person who acts on behalf of another person, or persons to manage assets.
  5. Current Account

    The difference between a nation’s savings and its investment. The current account is defined as the sum of goods and services ...
  6. Liability

    Liabilities are defined as a company's legal debts or obligations that arise during the course of business operations.
Trading Center