Social Security Partially Insured Status

"Social Security Partially Insured Status" 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 Partially Insured:

 

·      Work History: To be Social Security PartiallyInsured, a person must have worked and paid Social Security taxes for a certain amount of time, but not enough to be fully insured 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 Partially Insured depends on their age at the time they become eligible for benefits.

 

·      Eligibility for Benefits: Being Social SecurityPartially Insured means a person may be eligible for certain Social Security benefits, but the benefits they receive will be reduced based on their level of coverage. The exact benefits a person may be eligible for will depend on their work history and other factors.

Next Up

Each month, Mployer Advisor breaks down the Bureau of Labor Statistics’ most recent State Employment and Unemployment Summary to highlight some employment trends across various markets. This is an overview of May’s report. 
The latest economic release from the Bureau of Labor Statistics reports that the U.S. added 175 thousand new jobs last month, while the unemployment rate ticked up to 3.9%.
‍Each month, Mployer Advisor collects and presents some of the most relevant and most pressing recent changes in law, compliance, and policy in areas related to employee benefits, health care, and human resources.