A status that the insured must be granted by the Social Security Administration to collect disability benefits. This status is only granted if the insured has paid social security taxes in 20 of the 40 quarters preceding the claim being filed.
Insurance Encyclopedia
Disability pension (Life Insurance)
A pension paid out to a worker who has become disabled. This is usually paid at a normal retirement age.
Disability Percentage Table
A Table showing various disabilities (e.g., loss of an eye or a finger) and the percentage of total disability that each is deemed to represent.
Disability Rights Commission (DRC)
Independent body created by statute to eliminate discrimination and promote equality of opportunity. Advises government, business, disabled persons and service providers. DRC is the statutory enforcement mechanism for the Disability Discrimination Act and is empowered to issue non-discrimination notices.
Disability table
1. Statistical chart that shows the probabilities of becoming disabled at each age. 2. Tabulation of the number of individuals who continue to be disabled at each age and the length of disability.
Disabled
For purposes of enrollment under Medicare, individuals younger than 65 years of age who have been entitled to disability benefits under the Social Security Act or the railroad retirement system for at least 24 months are considered disabled and are entitled to Medicare.
Disabled beneficiary
See: disabled enrollee .
Disabled enrollee
Individual younger than age 65 who has been entitled to disability benefits under Title II of the Social Security Act or the Railroad Retirement system for at least 2 years and who is enrolled in the supplemental medical insurance (SMI) program.
Disabled life annuity
Series of payments, each of which is conditional on a person being alive and still disabled.
Disabled life reserve
Funds set aside for payment of currently recognized or future claims on lives of disabled insureds.