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