Which of the following is true about the coverage of OASDHI program?

Question

Quizplus · Accepted Answer

More than 90% of U.S. employees are covered by the program, the main exceptions being railroad and federal, state, and local government employees, who often have their own plans. Note, however, that an individual employee must meet certain eligibility requirements to receive benefits. Social Security retirement (old-age insurance)benefits for fully insured workers begin at age 65 years and 6 months (full benefits). Although the amount of the benefit depends on one's earnings history, benefits go up very little after a certain level; thus high earners help subsidize benefit payments to low earners.

Which of the Following Is True About the Coverage of OASDHI