Social Security
Federal program designed to protect eligible workers and their dependents against financial loss due to old age, disability or death with a few exceptions, almost all individuals are covered.
What is Social Security also known as?
Old Age, Survivors, Disability and Health Insurance.
Who is covered by Social Security?
Provided to disability income benefits for those who qualify. Individuals must have proper insured status, meet the definition of disability and satisfy the waiting period.
In order to be considered totally disabled under Social Security, one's disability has to meet the following definition?
The inability to engage in any gainful work that exists in the national economy, the disability must result from a medically determinable physical or mental impairment that is expected to result in early death or has lasted or is expected to last for a co
Available Social SecurityBenefits
Old Age, Spouse Benefits
Old Age Benefits
Provides a lifetime benefit starting at age 65 or a reduced benefit at age 62. The amount of the benefit is based on the workers average earning during their working years.
Spouse Benefits
Allows a spouse and dependent children to receive benefits from deceased worker.
Spouse Benefits is also called?
Survivor Benefits