Can You Draw Social Security At Age 62

If you're nearing retirement age, you know at that place's a lot to think well-nigh — like your future income, living expenses and health insurance. Social Security and Medicare are two central benefits for older adults in the United States. Simply the age rules aren't quite the same for these two programs. So if yous're already receiving Social Security, you may exist wondering: Tin I get Medicare at age 62?

Here we're diving into the age guidelines for each program. Learn when you lot can go Social Security, when you can go Medicare, and what to do side by side.

Medicare and Social Security are ofttimes dislocated because they're both important benefits for older people. You've probably noticed deductions for both these funds coming out of your paychecks, and the Social Security Administration as well handles enrollment for both programs. But being eligible for one doesn't automatically brand you eligible for the other.

Social Security was created every bit part of President Roosevelt'south famous New Bargain legislation, in response to the Great Depression. It was designed to give retired workers a reliable income in their later years.

Y'all pay into the Social Security program through deductions from each paycheck during your working years. Then when yous retire, you can start drawing retirement benefits from the program based on the amount yous paid in. These payments serve as an of import source of monthly income for retirees.

Medicare is a federal wellness insurance program for older adults and certain chronically sick groups. Since most people in the United States get their wellness insurance through their task, Medicare is key to ensuring that people have quality wellness insurance during retirement. This is especially of import since the retirement years are when many people face their most serious health problems.

Medicare includes a diversity of parts and plan options that you tin can choose from depending on your needs.

When Am I Eligible for Social Security?

To get Social Security retirement benefits, you need to exist at to the lowest degree 62 years old, and you lot need enough work credits based on your age and what you paid in. Anyone who has enough credits by historic period 62 is eligible to starting time receiving benefits. Yous likewise demand to exist a U.S. citizen or a legally recognized permanent resident.

Even if you're eligible to become Social Security retirement benefits at age 62, you may want to await to claim them. For people born after 1960, the Social Security Administration considers historic period 67 to exist your full retirement age. When you claim benefits before than your full retirement age, yous get less coin each month. And so waiting until your full retirement historic period will make you eligible for more money.

I'm 62 and on Social Security. Can I Go Medicare?

Probably not, unless you lot have certain health problems. Medicare has different historic period requirements than Social Security. While Social Security starts at 62, the bones requirement for Medicare eligibility is being age 65 or older.

In add-on to meeting the Medicare historic period requirement, yous too need to have paid deductions from your paychecks for several years. (If you didn't work enough to meet this requirement, you could likewise qualify considering of your spouse's paycheck contributions.)

Even so, some people qualify for Medicare at younger ages due to having specific chronic wellness problems.

Who Qualifies for Medicare Before Age 65?

As we've said, getting monthly Social Security payments doesn't mean that y'all're eligible to get Medicare. Simply if you're historic period 62, or even younger, you lot may qualify for Medicare if you have sure health problems or disabilities.

Everyone who'southward eligible for Social Security Inability Insurance (SSDI) is likewise eligible for Medicare afterwards a two-year waiting period. So if you're younger than 65 merely you've received monthly SSDI disability payments for at least the past two years, you lot tin can enroll in Medicare early. And if you're getting SSDI because you've been diagnosed with ALS (amyotrophic lateral sclerosis), you can enroll even sooner.

With or without SSDI payments, an adult with finish-stage kidney disease may be eligible for Medicare. Medicare coverage starts based on either the time you start dialysis (a treatment for kidney failure) or the time you become a kidney transplant surgery.

Qualifying for Medicare at age 62 is definitely the exception rather than the rule. Virtually people need to wait until they're 65 to enroll in Medicare. If yous're 64 or younger, you lot don't take ALS or kidney affliction, and you haven't received SSDI payments for at least two years, you don't qualify for Medicare. If you demand help finding health insurance in the meantime, cheque out HealthCare.gov.