May 13th, 2016 | By: Joseph Stenken
The original Social Security Act provided only retirement benefits for wage and salary earners. In 1939, benefits were added for family members after the worker’s death or retirement. Most amendments have expanded the scope of the Social Security program — by extending coverage to more groups of persons, by increasing benefits or by increasing the wage base for taxes and benefits.
Today, the largest and most common programs under the Social Security Act and its amendments are: (i) Federal Old-Age (Retirement), Survivors and Disability Insurance (OASDI), (ii) Temporary Assistance for Needy Families (TANF), (iii) Health Insurance for Aged and Disabled (Medicare), (iv) Grants to States for Medical Assistance Programs for low income citizens (Medicaid), (v) State Children’s Health Insurance Program for low income citizens (SCHIP) and (vi) Supplemental Security Income (SSI). Please read article here.