chapter 10 Flashcards
basic unit for determining whether a worker is insured under the Social Security program.
quarter of coverage
created to provide for the general welfare of United States citizens who are 65 years of age and older.
Social Security Act of 1935
used to fund the Social Security program if a person hasn’t contributed through their payroll program, they are not eligible for benefits.
FICA taxes
determining factor between being classified as fully insured or currently insured.
credits
status of complete eligibility for the full range of Social Security benefits: death benefits, retirement benefits, disability benefits, and Medicare benefits.
fully insured
under Social Security, a status of limited eligibility that provides only death benefits.
currently insured
the benefit (before rounding down to next lower whole dollar) a person would receive if he/she elects to begin receiving retirement benefits at his/her normal retirement age.
Primary Insurance Amount (PIA)
period following the death of a family breadwinner during which no Social Security benefits are available to the surviving spouse.
blackout period
when Social Security uses both medical disability criteria and non- medical criteria to determine whether you qualify for Social Security disability (SSDI, the program based on work credits) or Supplemental Security Income (SSI, the low-income program).
Disability Benefit Qualifications
