Social Security

In order to be considered "currently insured" under Social Security, an individual must be credited with:

6 quarters of coverage during the last 13-quarter period

The reason for social insurance is to

protect certain vulnerable segments of the population

What is considered to be the definition of disability, according to Social Security?

Unable to engage in any substantial gainful activity

How long is a person expected to be disabled in order to receive Social Security disability benefits?

12 months

Who is NOT eligible for Social Security survivor benefits?

A deceased worker's dependent parents of any age

Which statement is NOT true regarding Social Security benefits?

Benefits are designed to replace the entire amount of the worker's earnings

The "blackout period" affects whose benefits?

Disabled worker

Which type of worker has Social Security benefits available to them?

Fully insured

Who is eligible for retirement benefits under Social Security?

Fully insured workers

All of the following statements correctly describe the purpose of Social Security EXCEPT

It provides a source of income for a meaningful standard of living during retirement

What determines the Social Security normal retirement age?

Year in which worker was born

According to Social Security, an individual with 6 credits of coverage during the previous 13-quarter period is considered to be:

currently insured

An individual that has 40 quarters of coverage, for Social Security purposes, is considered to be

fully insured

An insured's status under Social Security can be described as

fully insured

A worker is entitled to Social Security disability benefits if all of the following are true, EXCEPT for:

worker cannot perform his or her current job, but is actively seeking other employment