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Will My Benefit Rate Rise When I Reach Age 62?
I recieve social security for having both hips replaced when i gt to 62 will i get a raise because im at the retirement age
Hi,
No, turning age 62 will have no effect on your benefit rate. Qualifying for SSDI essentially entitles you to start receiving the equivalent of your full retirement age (FRA) Social Security benefit early. If you remain eligible for SSDI until you reach FRA, your SSDI benefits simply convert to regular Social Security retirement benefits at the same rate.
If you were to switch from SSDI to regular Social Security retirement benefits prior to FRA your benefit rate would be reduced for age. If you switched at age 62 the reduction would amount to 25% to 30%, depending on your year of birth. The only times that it might be advantageous to switch from SSDI to retirement benefits before FRA is a) when a person is also receiving Worker's Compensation (WC) benefits and their SSDI benefits are being offset as a result, or b) if family members are eligible for auxiliary benefits on the disabled worker's record and the family maximum benefit (FMB) benefit rate would be higher if the disabled worker switched to retirement benefits.
Best, Jerry