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. Social Security

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

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

    Supplemental Security Income (SSI) is a federal program funded ...
  4. Administrative Law

    The body of law that governs the administration and regulation ...
  5. Social Security Trust Fund

    An account used by the United States federal government to record ...
  6. Bureau Of Public Debt

    The Bureau of Public Debt was an agency within the United States ...
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

    Ready to Enroll in Social Security? Here's What You Need

    There are three ways to enroll in Social Security, all of which require a lot of information.
  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

    Best Ways to Contact the Social Security Administration

    Navigating the thousands of rules that govern Social Security benefits can be difficult. Thankfully, the Social Security Administration is here to help.
  5. 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.
  6. Retirement

    Who Pays Your Social Security Benefits?

    The short answer is, current earners. Taxes on current wages pay the Social Security benefits of retirees, the disabled, children and other beneficiaries.
  7. Personal Finance

    How a Late Career Layoff Impacts Retirement

    Taking these steps can help reduce the impact of a late career layoff on future retirement income.
  8. Retirement

    The Purpose Of Social Security Form SS-5

    If you need a new Social Security card, you need to fill out form SS-5. Despite the details, the process is more time-consuming than difficult.
  9. Retirement

    Tips on How to Navigate the Social Security System

    Here are three places to turn for help when navigating the convoluted Social Security system.
  10. Retirement

    Will the Social Security Cap Increase Help It Last Longer?

    The Social Security cap increase will be 7% in 2017, but even that may not be enough to keep Social Security from running out of funds.
RELATED FAQS
  1. 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 >>
  2. What are the maximum Social Security disability benefits?

    The average Social Security disability benefit amount for a recipient of Social Security Disability Insurance (SSDI) in 2 ... Read Answer >>
Hot Definitions
  1. Risk Tolerance

    The degree of variability in investment returns that an individual is willing to withstand. Risk tolerance is an important ...
  2. Donchian Channels

    A moving average indicator developed by Richard Donchian. It plots the highest high and lowest low over the last period time ...
  3. Consumer Price Index - CPI

    A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, ...
  4. Moving Average - MA

    A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out ...
  5. Stop Order

    A stop order is an order to buy or sell a security when its price increases past a particular point in order to limit losses ...
  6. Inflation

    The rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of ...
Trading Center