Social Security

Question 1

Which of the following does Social Security NOT provide benefits for?
<> Disability
<> Survivorship
<> Dismemberment
<> Retirement

Answer 1

Dismemberment

~ Social Security provides for all these types of benefits EXCEPT dismemberment

Question 2

To be eligible for Social Security disability benefits, an employee must be unable to perform?
<> Any occupation that the employee is qualified and willing to do
<> His/her current occupation
<> any occupation
<> any occupation that reflects the employee’s education level

Answer 2

Any occupation

~ To be eligible for Social Security disability benefits, an employee must be unable to perform any occupation

Question 3

What is Old Age and Survivors Health Insurance (OASDHI) also known as?
<> Medicare 
<> Social Security
<> FICA
<> Medicaid

Answer 3

Social Security
~ Social Security, also known as Old Age Survivors and Disability Insurance (OASDI), was signed into law in 1935 by President Roosevelt as part of the Social Security Act.

Question 4

What determines the full amount of Social Security retirement benefits a qualified individual is entitled to receive?
<> Primary Insurance Amount (PIA)
<> Total taxes paid into FICA 
<> State of residence 
<> Number of dependents

Answer 4

Primary Insurance Amount (PIA)

~ The Primary Insurance Amount (PIA) determines the full amount of retirement benefits for an eligible person

Question 5

One becomes eligible for Social Security disability after having been disabled for:
<> 6 months
<> 5 months
<> 3 months
<> 12 months

Answer 5

5 months

~ Disability income benefits are paid to the covered worker in the amount of the PIA after a 5 month waiting period