8 – Social Security

18 November 2023
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question
What is Old Age and Survivors Health Insurance (OASDHI) also known as?
answer
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.
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To be eligible for Social Security disability benefits, an employee must be unable to perform
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any occupation To be eligible for Social Security disability benefits, an employee must be unable to perform any occupation.
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Which of the following factors affects the amount of monthly disability benefits payable under Social Security?
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The correct answer is "The amount of the benefits available from other sources." The amount of the benefits available from other sources affects the amount of monthly disability benefits payable under Social Security.
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What determines the full amount of Social Security retirement benefits a qualified individual is entitled to receive?
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Primary Insurance Amount (PIA) The Primary Insurance Amount (PIA) determines the full amount of retirement benefits for an eligible person.
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Which of the following does Social Security NOT provide benefits for? Survivorship Dismemberment Disability Retirement
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Dismemberment
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All of these are considered to be a benefit under Social Security EXCEPT for survivorship unemployment disability retirement
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unemployment
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Q is severely injured in an automobile accident and becomes totally disabled. How many months must Q be disabled before being able to apply for Social Security disability benefits?
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5 You are eligible to file for Social Security benefits after being totally disabled for 5 months.
question
One becomes eligible for Social Security disability benefits after having been disabled for
answer
Disability income benefits are paid to the covered worker in the amount of the PIA after a 5-month waiting period.