fully insured status

Fully insured status describes the highest covered status under the Social Security benefits under the Old Age, Survivors, Disability, and Health Insurance (OASDHI) Act, entitling the worker to all types of benefits, including retirement.

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Additional Information

Before a worker can collect Social Security benefits under the OASDHI Act, they must have credit for a certain amount of covered work. Fully insured status is typically reached after 10 years of employment in a covered occupation.