Social Insurance Programs Flashcards
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Read the first 7 Social Insurance Programs flashcards as text
Social Security Disability Insurance (SSDI) benefits generally begin after a waiting period of how many months?
Answer: 5 months
SSDI has a 5-month waiting period from the onset of disability before benefit payments begin, meaning benefits start in the 6th month of disability.
The Children's Health Insurance Program (CHIP) is designed to provide coverage for which population?
Answer: Children in families that earn too much for Medicaid but cannot afford private insurance
CHIP targets children in families whose income is too high to qualify for Medicaid but too low to afford private health insurance coverage.
To qualify for Social Security retirement benefits, a worker typically needs how many credits?
Answer: 40 credits
Workers need 40 Social Security credits (equivalent to approximately 10 years of work) to qualify for retirement benefits.
Which of the following is NOT covered under Medicare Part A?
Answer: Outpatient surgery in a physician's office
Outpatient surgery performed in a physician's office is covered under Medicare Part B, not Part A, which is limited to inpatient and facility-based care.
Under the Social Security program, survivors benefits may be paid to which of the following?
Answer: A divorced spouse who was married for at least 10 years
A divorced spouse who was married to the deceased worker for at least 10 years may be eligible to receive Social Security survivors benefits.
The Medicare Supplement (Medigap) policy is designed to cover which of the following?
Answer: Gaps in coverage such as deductibles and coinsurance under Original Medicare
Medigap policies are sold by private insurers to cover cost-sharing gaps in Original Medicare such as deductibles, copayments, and coinsurance.
Workers' compensation is best described as what type of social insurance program?
Answer: A mandatory employer-funded program providing benefits for work-related injuries and illnesses
Workers' compensation is a mandatory, employer-funded social insurance program that provides medical and wage-replacement benefits to employees injured on the job.