Social Security

Key terms image

Abbey Dean is the Director of Content at Mployer Advisor. Abbey is an award-winning editor and writer with more than 10 years of experience in print and digital media across B2B and B2C platforms. A versatile journalist and content creator, she has worked for local newspapers, small-city magazines, daily news websites, and award-winning print publications including the Oxford American and American Spirit. She he has also led successful digital content marketing campaigns for manufacturing and healthcare professionals through the creation of webinars, e-books, newsletters, blog posts, and videos.

Average Indexed Monthly Earnings (AIME)

Average Indexed Monthly Earnings (AIME) is a term used by the Social Security Administration to determine a person's retirement benefits. The AIME is calculated by taking the average of a person's highest 35 years of earnings, adjusted for inflation. 

Currently Insured

In insurance, currently insured refers to an individual whois covered by an insurance policy and has paid the required premiums to maintain their coverage. Here are some key features of currently insured in insurance:

FICA Taxation

FICA stands for Federal Insurance Contributions Act, which is a law that requires employers and employees to contribute to the SocialSecurity and Medicare programs in the United States. The FICA tax is a payroll tax that is automatically deducted from employees' paychecks and paid by their employers to fund these programs.

Social Security Disability Insurance (SSDI)

Social Security Disability Insurance (SSDI) is a federal program that provides benefits to individuals who are unable to work due to a disability. Here are the key features of SSDI:

Social Security Disability Insured Status

Social Security Disability Insured Status refers to a person's eligibility for Social Security Disability Insurance (SSDI) benefits based on their work history and Social Security taxes paid.

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:

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:

Social Security Total Disability 

"Social Security Total Disability" refers to a disability status under the Social Security Administration (SSA) that entitles individuals to receive disability benefits. Here are the key features of SocialSecurity Total Disability:

Next Up

Vision is the most commonly offered ancillary benefit in employer-sponsored plans — 89% of employers offer it nationally, higher than dental, higher than life insurance, and higher than any voluntary benefit. And yet vision is also one of the most underfunded benefits in the market.
Dental benefits are not your largest cost center. For most employers, dental represents a fraction of what medical costs per covered employee annually. But dental is one of the highest visibility benefits in your package: employees use it, notice it, and talk about it. When it’s good, it builds goodwill. When it’s inadequate (low maximums, no orthodontia, zero employer contribution) it registers as a signal that the employer isn’t invested in the total package.
How an employer funds its health plan sits quietly in the background of every benefits decision. Most CHROs and CFOs know their premium cost. Fewer understand the mechanics of how their plan is actually structured: who holds the risk, who administers the claims, how costs flow, and what flexibility, if any, they have to change any of it.