Social Security Practice Flashcards

Vocabulary practice flashcards covering eligibility, retirement ages, SSDI requirements, and survivor benefits based on the Social Security Cheat Sheet.

RDSM

The memory trick for the four types of Social Security benefits: Retirement, Disability, Survivors, and Medicare.

Fully Insured

The status of having enough work credits to qualify for retirement benefits.

Currently Insured

The status of having enough recent work credits to qualify for survivor benefits.

Primary Insurance Amount (PIA)

The monthly benefit received when a person reaches Full Retirement Age (FRA).

Early Retirement Age

Age $62$, which results in a permanently reduced benefit.

Full Retirement Age (FRA)

Age $67$ for people born in $1960$ or later.

Delayed Retirement

The practice of waiting to collect benefits, allowing them to increase until age $70$.

Social Security Disability (SSDI) Duration Requirement

The disability must last at least $12$ months or be expected to result in death.

Substantial Gainful Activity (SGA)

The level of work activity that a person must be unable to perform to qualify for SSDI.

SSDI Waiting Period

A $5$-month period that must pass before SSDI benefits begin.

Medicare SSDI Entitlement

The timeline of Medicare beginning after $24$ months of SSDI entitlement.

Disabled Child Rule

Children may qualify for survivor benefits if they were disabled before age $22$.

Blackout Period

The period for surviving spouses that begins when the youngest child turns $16$ and ends when the spouse is eligible for survivor retirement benefits.

FICA

The tax used to fund Social Security.

Supplemental Security Income (SSI)

A need-based program funded by general tax revenues, not based on work credits.