Question

In: Finance

Which of the following statements about integration with Social Security and disability policies is correct? Integration...

Which of the following statements about integration with Social Security and disability policies is correct?

  1. Integration is allowed with Social Security and individual disability policies
  2. Integration is allowed only in part with Social Security and individual disability policies
  3. Integration is allowed with Social Security and employer-provided disability policies
  4. Integration is prohibited with Social Security and employer-provided disability policies

Solutions

Expert Solution

Answer-

The correct Option is B. Integration is allowed only in part with Social Security and individual disability policies.

In some circumstances, an individual can receive both Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) benefits at the same time.

The Options A,C and D are incorrect. As the disability policies are not fully integrated nor completely prohibited with Social security.


Related Solutions

7. Which the following statements concerning disability insurance is correct? a. Benefits from a disability income...
7. Which the following statements concerning disability insurance is correct? a. Benefits from a disability income insurance policy are a function of the insured's health, gender, age, and the level of income of the insured. B. To qualify for disability income, one must become totally disabled while the policy is in force elimination (exclusion) period has ended. C.A policy that integrates with Social Security will increase payable benefits by the amount of Social Security the disabled person is eligible to...
1.) Which of the following statements concerning defined-contribution plans that integrate with Social Security is correct?...
1.) Which of the following statements concerning defined-contribution plans that integrate with Social Security is correct? Annual non-discrimination testing is required for a plan that integrates with Social Security. If employees receive a contribution of 3% of total compensation, then an additional 3% of total compensation can also be contributed for compensation between the integration level and the income cap. The maximum integration level is $275,000. Only money-purchase pension plans can have a formula that integrates with Social Security. 2.)...
Which of the following statements concerning the eligibility requirements of insured disability income plans is correct?...
Which of the following statements concerning the eligibility requirements of insured disability income plans is correct? A. Short-term plans sometimes limit eligibility to salary employees only. B. Long-term plans often limit eligibility to union employees only. C. Most plans require an employee to be actively at work before coverage will commence. D. Short-term plans tend to have longer probationary periods than do long-term plans.
Beyond Social Security Disability Insurance, should the government mandate disability coverage by employers or provide disability...
Beyond Social Security Disability Insurance, should the government mandate disability coverage by employers or provide disability coverage to all citizens? Why or why not? What about Long-Term Care Insurance? How should employers look at offering LTC Insurance among a comprehensive benefits package?
Which of the following statements about the cost of capital is CORRECT ?
Which of the following statements about the cost of capital is CORRECT ?Select one:a. Both the cost of debt and equity financing will decrease when a firm expands into a risky new area.b. Both the cost of debt and equity financing will decrease when a nuclear plant company encounters a ban on nuclear power generation in certain states.c. The WACC of a firm will decrease when investors become more risk averse.d. Both the cost of debt and equity financing will...
Which of the following statements about valence electrons is correct?
Which of the following statements about valence electrons is correct? Li has 1 valence electron and S has 6 valence electrons Mg has 12 valence electrons and O has8 valence electrons K has 19 valence electrons and Cl has 17 valence electrons Al has 13 valence electrons and C has 12 valence electrons Li has 3 valence electrons and Na has 11 valence electrons
Which of the following statements is CORRECT about a yield curve?
Which of the following statements is CORRECT about a yield curve? a. A yield curve reflects the relationship between bond yields and the inflation rate. b. A humped yield curve reflects interest rates lower than short term maturities. c. A normal yield curve is generally humped. d. An upward sloping yield curve is referred to as abnormal or inverted. e. A downward sloping yield curve is referred to as abnormal or inverted 
Which of the following statements is not correct about cholesterol? a. it is an essential component...
Which of the following statements is not correct about cholesterol? a. it is an essential component of cell membranes b. it is the precursor of steroid hormones c. it is soluble in non-polar solvents d. it is soluble in polar solvents Which intermolecular force exists between all molecules regardless of polarity? Which of the following compounds exhibits primarily dipole-dipole intermolecular forces? a. CH3-O-CH3 b. CH3CH3 c. CO2 d. F2
Which one of the following statements is correct about hypothesis testing?
Which one of the following statements is correct about hypothesis testing?
Which of the following statements about bonds and their prices is correct: There is an inverse...
Which of the following statements about bonds and their prices is correct: There is an inverse relationship between interest rates and price.   When the coupon rate of the bond is greater than the required, market interest rate, the price of the bond is greater than the face value of the bond. The bond with a greater term to maturity is affected to a greater extent by the change in the interest rate All of the above A) and B) only...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT