Exam 7: Government-Mandated Social Security Programs

In 2016,approximately,what was the average monthly survivor benefit for a widowed and two children? (Survivor Benefits)

Briefly discuss the eligibility criteria for unemployment insurance benefits? (Eligibility Criteria for Unemployment Insurance Benefits)

OASDI is the abbreviation for the term Old-Age,Survivor,and Disability Income.(Introduction to the Social Security Programs)

Effective 2016,what was the annual increase in Social Security benefits? (Determining Benefit Amounts)

In 2015,what was the annual monthly benefit for all retired workers? (Old-Age Benefits)

Social Security retirement funds are expected to remain sustainable in the coming decades.(Financing OASDI and Medicare Programs)

This Medicare program offers voluntary supplemental medical insurance.(Medicare Part B Coverage)

Explain the concept of the coverage gap within the Medicare prescription drug benefit,or Medicare Part D.(Medicare Prescription Drug Benefit)

In 2016,how much did an employee have to make to earn a credit for OASDI? (Qualifying for OASDI Benefits)

Which of the following statements is true when comparing workers' compensation with Social Security disability and survivors' benefits? (Disability Benefits)

A percentage of annual wages is one of the methods states use to calculate weekly unemployment benefit amounts.(Unemployment Insurance Benefit Amounts)

Medicare Part D was first offered in 2004.(Medicare Prescription Drug Benefit)

The national federal-state unemployment insurance program provides weekly income to individuals who become unemployed for any reason.(Unemployment Insurance)

Which of the following is the state unemployment tax? (Unemployment Insurance Benefit Amounts)

List and define the three parts of the OASDI program.(Old-Age,Survivor,and Disability Insurance (OASDI))

Which of the following is not one of three methods states use to calculate weekly unemployment benefit amounts? (Unemployment Insurance Benefit Amounts)

Most states impose a waiting period,usually two weeks following submission of a claim,prior to paying unemployment benefits.(Eligibility Criteria for Unemployment Insurance Benefits)

Which Medicare program provides beneficiaries the opportunity to receive health care from a variety of options? (Medicare Part C: Medicare Advantage)

The age for collecting full Social Security retirement benefits is gradually increasing from 65 to 67 over a 22-year period ending in 2022.(Old-Age Benefits)

At what age are retirees first eligible for Social Security benefits? (Old-Age Benefits)