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Should I Apply for Social Security Even Though I’m Still Working at Age 78?

To my good friend Rusty: I am 78 years old, and even though I am still employed, I have a comprehensive health insurance policy and a respectable salary.

Since I have been contributing to Social Security for so many years, is it possible that I will eventually receive a check from the program? Signed: Despite being well into my 70s, I’m still employed.

Dear Still Working: Not only is it possible for you to receive your Social Security check right now, but I strongly advise that you apply for it as soon as you possibly can.

Because you are still actively employed, you won’t be subject to any kind of sanction, regardless of the amount of money you make now.

The reason for this is that you passed the “earnings test” required by Social Security when you reached your full retirement age (FRA), which is 66 years old.

After reaching your FRA, you are no longer subject to the requirements of the “earnings test.”

Your benefit from Social Security continued to increase up until the point that you reached the age of 70, at which point it reached its maximum amount, which is 32 per cent higher than the amount it would have been if you had started receiving it at the age of 66.

social security

You should apply for your benefits as soon as possible because they have already reached their maximum, which was reached some years ago at the age of 70, and working now won’t hurt your payment amount.

In addition to that, you ought to inquire about receiving retroactive benefits for six months.

Even though your benefit stopped increasing at age 70 and you are now 78, Social Security will only pay up to six months of retroactive benefits.

As a result, you have lost some of your benefits because you waited until you were 78 to start receiving them.

You have the option of applying for your benefits over the phone by calling the Social Security administration at either your local office or the Social Security administration’s national service centre at 1-800-772-1213 to make an appointment to apply, or you can apply online by visiting

Applying for Social Security benefits online is by far the most time-effective method; however, before you can do so, you will need to establish a personal online account with “my Social Security.” To do so, simply visit and follow the instructions provided there.

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You can delay enrolling in Medicare as long as you are still working, provided that you have “creditable” healthcare coverage through your employer. “Creditable” coverage is a group plan that has at least 20 participants.

You will not be subject to a late enrollment penalty if you enrol in Medicare now if you have had creditable healthcare coverage since you turned 65.

However, you can continue to defer enrolling in Medicare without incurring a penalty if your employer coverage is “creditable.”

This is the case if you haven’t yet enrolled in Medicare but you’ve had coverage since you turned 65. If you have creditable coverage, you will not incur a late enrollment penalty.

Because you will continue to incur financial losses if you put off applying for your Social Security benefits any longer, I can’t stress enough how important it is for you to submit your claim as soon as humanly possible.

Even after you begin receiving Social Security benefits, you will still get credit for your current earnings. Additionally, if it is warranted due to your recent earnings, the amount of your benefit will be automatically increased.

As a result, there is no longer any reason to put off claiming Social Security benefits until a later date.

You are eligible for Social Security benefits because you have worked enough years to earn them, you are not subject to a penalty for taking them early because you are still employed, and you will continue to get credit for your current earnings while you are still employed; therefore, you should apply for your Social Security benefits as soon as possible.

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