Ask Social Security Questions and Get Answers ASAP
If she want to have full benefits - it might be better to pay that one month of benefits back to the SSA.That woudl not be large amount - and most likely will be more beneficial as her monthly benefits woudl be larger.
To be precise - we woudl need to calculate her benefits both ways and compare - but I woudl expect that will be most beneficial.Then - we need to compare her own benefits and her benefits as a surviving spouse - so she would be eligible for larger.
As she is not at her full retirement age yet - she still may want to wait one more year - that woudl be reasonable if she is still working.
And finally as she will be 65 - I suggest to apply for Medicare regardless if she will start her social security benefits now or later.
Yes - that is correct - such decision should be made at the time she originally elected to suspend her benefits.However please be aware that only her benefits as a surviving spouse woudl be reduced.Benefits that she received when she was below 62 would not affect her own benefits.
So depending which benefits are larger - she might be entitled for full benefits based on her own working records.
That would be possible if she apply before May 1, 2016 as the law recently changed.If she apply after that date - that option is terminated.
If she will apply after May 2016 - she will not be able to draw survivor benefits and keep her own benefits to grow...
That option is eliminated by the new law which will be in full effect starting May, 1 2016.That option is only available before that date.
She may apply for survivor benefit only prior to May 2016 - that is OK.
However - because she is below her full retirement age - her benefits will be reduced.
There swill be additional reduction based on her earnings, and
85% of her actual social security benefits will be added to her taxable income and taxed based on her marginal tax rate.So - if her employment status will not change - her actual benefits would be very minimal.But otherwise - that is possible.