H13: Social Insurance System

Descripción

Accident & Health Agent Fichas sobre H13: Social Insurance System, creado por Det Ferraris el 13/06/2013.
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Fichas por Det Ferraris, actualizado hace más de 1 año
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Creado por Det Ferraris hace más de 11 años
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The US Government IS considered to be an insurer The US Government IS considered to be an insurer
Quarter of Coverage system of units used to determine eligibility for coverage under some Social Security programs 4 Quarter is Max/year
Fully Insured 40 quarters of coverage
Currently Insured 6 QC in the previous 13 quarters
Old Age (Retirement) complusory for most workers, provides minomum floor of income, must be fully insured, normal (full) retirement age depends on YEAR OF BIRTH
Survivor Benefits program that pays benefit to certain survivors of deceased workers who paid social security taxed (fully/currently insured)
Who qualifies for Survivor Benefits Surviving spouse with child<16 or disabled, widow or widower (60+), unmarried children <18, dependent parents (62+)
Blackout Period time between when child turns 16 and widow/er turns 60 when no benefits are paid to widower
Social Security disability pays monthly benefits to disabled people who meet certain eligibility requirements Social Security disability pays monthly benefits to disabled people who meet certain eligibility requirements
Social Security Disability Definition last at least 12 months or result of death
SS Disability unable to return or adjust to other work, partial and short-term NOT covered, minimum floor of income, fully or currently insured
Worker must be totally and permanently disabled for at least 5 months before SS disability benefits can begin Worker must be totally and permanently disabled for at least 5 months before SS disability benefits can begin
Ss Funding payroll taxes (7.65%), equally shared by employees and employer
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