Quarter of Coverage

(redirected from Quarters of Coverage)

Quarter of Coverage

The personal income one must earn in a year to be eligible for one quarter of the Social Security benefits to which one may be entitled. That is, one who earns a quarter of coverage has that year counted as part of his/her working life for calculating benefits after retirement. One cannot earn more than four quarters of coverage per year, regardless of one's income.
References in periodicals archive ?
Beneficiaries who have between 30 and 39 quarters of coverage may buy into Part A at a reduced monthly premium rate, which is $234 for 2014, a decrease of $9.
Alternately, Title XVI Supplemental Security Income disability benefits may be awarded to disabled individuals who have not worked or who do not have sufficient quarters of coverage, provided they meet a defined income and resources test.
While maintaining that a disabling condition be permanent, the requirement that it be "medically determinable" was also proposed, as was the requirement that the applicant have at least 20 out of the last 40 quarters of coverage and "6 quarters of coverage in the 13-quarter period ending with such quarter.
6000 was thus a mixed bag, eliminating "remote claims" with the requirement of six quarters of coverage in the 13-quarter period prior to the claim and requiring a medically determinable impairment, but expanding the program radically with the elimination of age 50 as a threshold requirement.
Other provisions included that "[t]he individual must have been a currently insured individual (a requirement similar to the one then existing under the 'freeze' of 6 quarters of coverage in the 13 quarters ending with the quarter of disablement) and he must have had 20 quarters of coverage out of the last 40 calendar quarters.
Beneficiaries who have less than 30 quarters of coverage would have to pay $432, up $13 from the current $419.
For example, a worker who turns 62 after 1990 generally needs 40 calendar quarters of coverage to receive retirement benefits.
The Court stated that in all likelihood, Nierotko "reflected concern that the benefits scheme created in 1939 would be disserved by allowing an employer's wrongdoing to reduce the quarters of coverage an employee would otherwise be entitled to claim toward eligibility.
As a general rule, fully insured status is obtained once the individual acquires 40 quarters of coverage.