Social Security Fully Insured

"Social Security Fully Insured" refers to a person's eligibility for certain Social Security benefits based on their work history and Social Security taxes paid. Here are the key features of beingSocial Security Fully Insured:

 

·      Work History: To be Social Security FullyInsured, a person must have worked and paid Social Security taxes for a certain amount of time, earning enough credits to qualify for benefits.

 

·      Credits: Social Security credits are earned based on a person's earnings from work covered by Social Security. A person can earn up to four credits per year, and the number of credits they need to beSocial Security Fully Insured depends on their age at the time they become eligible for benefits.

 

·      Eligibility for Benefits: Being Social SecurityFully Insured means a person is eligible for certain Social Security benefits, including retirement, disability, and survivor benefits.

Next Up

A Texas court ruled that American Airlines breached its ERISA duty of loyalty by failing to properly oversee BlackRock’s ESG-driven investment decisions. The decision could put millions of employers at legal risk if upheld. Are ESG investments in retirement plans now a liability?
The latest economic release from the Bureau of Labor Statistics reports that the U.S. job market added just under 150 thousand jobs last month while unemployment ticked down one-tenth of a point to 4% to close out the last such economic report with data collected under the Biden administration.
Centers of Excellence (COEs) may have peaked. While mid-sized employers increased adoption, the largest companies are scaling back. Is this a temporary dip or a shift in employer healthcare strategy?