Workers in OASDI covered employment, 2004 | 156.8 million |
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Average earnings, 2004 | $34,214 |
Earnings required in 2005 for— | |
1 quarter of coverage | $920 |
Maximum of 4 quarters of coverage | $3,680 |
Earnings test exempt amounts for 2005 | |
Under full retirement age for entire year | $12,000 |
For months before reaching full retirement age in 2005 | $31,800 |
Beginning with month of reaching full retirement age in 2005 | Test eliminated |
Cost-of-living adjustment for December 2004 | 2.7 percent |
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Average monthly benefit, December 2004 | |
Retired workers | $955 |
Widows and widowers, nondisabled | $920 |
Disabled workers | $894 |
Number of beneficiaries, December 2004 | |
Old-Age, Survivors, and Disability Insurance | 47.7 million |
Old-Age Insurance | |
Total | 33.0 million |
Retired workers | 30.0 million |
Survivors Insurance | |
Total | 6.7 million |
Widows and widowers, nondisabled | 4.4 million |
Disability Insurance | |
Total | 8.0 million |
Disabled workers | 6.2 million |
Benefit payments, 2004 | |
Old-Age, Survivors, and Disability Insurance | $493.3 billion |
Old-Age and Survivors Insurance | $415.0 billion |
Disability Insurance | $78.2 billion |
Administrative expenses, 2004 | |
Old-Age and Survivors Insurance | |
Amount | $2.4 billion |
As a percentage of total benefits paid | 0.6 percent |
Disability Insurance | |
Amount | $2.2 billion |
As a percentage of total benefits paid | 2.8 percent |
Monthly federal benefit rate, effective January 2005 | |
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Individual living in his or her own household | $579 |
Couple with both members eligible | $869 |
Cost-of-living adjustment | 2.7 percent |
Total | |
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Benefits paid in 2004 | $37.0 billion |
Number of recipients, December 2004 | 7.1 million |
Average benefit, December 2004 | $428.89 |
Federally administered payments | |
Benefits paid in 2004 | $36.1 billion |
Number of recipients, December 2004 | 7.0 million |
Average benefit, December 2004 | $428.29 |
Federal SSI payments | |
Benefits paid in 2004 | $31.9 billion |
Number of recipients, December 2004 | 6.7 million |
Average benefit, December 2004 | $395.36 |
Federally administered state supplementation | |
Benefits paid in 2004 | $4.2 billion |
Number of recipients, December 2004 | 2.5 million a |
Average benefit, December 2004 | $138.07 |
State-administered supplementation | |
Benefits paid in 2004 | $0.9 billion |
Number of recipients, December 2004 | 0.6 million b |
Average benefit, December 2004 | $124.60 |
Total benefits paid in calendar year 2004 | |
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Hospital Insurance (Part A) | $167.6 billion |
Supplementary Medical Insurance (Part B) | $135.4 billion |
Number of enrollees in July 2004 (one or both of Parts A and B) | 41.6 million |
Aged | 35.3 million |
Disabled | 6.3 million |
Administrative costs, 2004 | |
Hospital Insurance | |
Amount | $3.0 billion |
As a percentage of total benefits paid | 1.8 percent |
Supplementary Medical Insurance | |
Amount | $2.9 billion |
As a percentage of total benefits paid | 2.1 percent |
Medical service expenditures in fiscal year 2002 | $213.5 billion |
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Number of unduplicated recipients, fiscal year 2002 | 49.8 million |
Average 2002 vendor payment per unduplicated recipient | |
Persons aged 65 or older | $10,870 |
Permanently and totally disabled persons | $11,408 |
Dependent children under age 21 | $1,271 |
Average 2002 vendor payment for medical services | |
Nursing facility services | $22,247 |
Inpatient general hospital care | $5,766 |
Prescribed drugs | $1,163 |
Physicians services | $378 |
Total payments, 2004 | $34.4 billion |
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Average— | |
Weekly benefit amount (regular programs) | $262.5 |
Duration of benefits | 16.1 weeks |
Weekly insured unemployment | 3.0 million |
Covered employment | 127.6 million |
Benefit payments, 2003 | $54.9 billion |
---|---|
Compensation payments | $29.3 billion |
Medical and hospitalization | $25.6 billion |
Benefits paid by— | |
Private insurance carriers | $28.7 billion |
State and federal funds | $13.6 billion |
Employers' self-insurance | $12.6 billion |
Covered workers per month | 125.2 million |
Costs as a percentage of covered payroll | 1.71 percent |
Average weekly benefit, 2002 | |
---|---|
California a | |
State fund | $301 |
Private plans | $489 |
New York | |
Private plans | $192 |
Basic benefit to miner or widow | $562.00 |
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Maximum family benefit | $1,125.00 |
Part B (claims filed before July 1, 1973) | |
Number of monthly benefits to miners, widows, and dependents, December 2004 | 52,362 |
Total benefits paid, calendar year 2004 | $376.4 million |
Part C (claims filed July 1, 1973, or later) | |
Total benefits paid, fiscal year 2004 | |
Disability and survivors benefits | $293.1 million |
Medical benefits | $54 million |
Number of veterans with disability compensation or pension, 2005 | |
---|---|
Service-connected disability | 2,637,000 |
Non-service-connected disability | 336,000 |
Monthly payment in 2003 for— | |
Service-connected disability | |
10 percent disability | $104 |
Total disability | $2,193 |
Non-service-connected disability (maximum payment) | |
Without dependent | $807 |
With one dependent and in need of aid and attendance | $1,597 |
Total payments, 2004 | $9.4 billion |
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Average monthly number of— | |
Recipients | 4.7 million |
Families | 2.0 million |
Average monthly payment | |
Per recipient | $166 |
Per family | $397 |
Monthly benefits, beginning October 1, 2005 | |
---|---|
Four-person household with no income | $506 |
Standard deduction (one-person to four-person households) | $134 |
Fiscal year 2004 | |
Average number of participants | 23.9 million |
Total benefits | $24.6 billion |
Block grants to— | |
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50 states and the District of Columbia | $1.74 billion |
Puerto Rico, Virgin Islands, American Samoa, Guam, and Northern Mariana Islands | $2.4 million |
Direct block grants to 135 Indian tribes and tribal organizations | $17.6 million |
Leveraging incentive awards to— | |
40 states and the District of Columbia | $18.9 million |
28 Indian tribes and tribal organizations | $1.6 million |
Residential Emergency Assistance Challenge (REACH) program awards to— | |
6 states | $5.5 million |
7 Indian tribes and tribal organizations | $1.0 million |
Emergency contingency funds to— | |
50 states and the District of Columbia | $198.1 million |
135 Indian tribes and tribal organizations | $1.7 million |
Weighted average poverty thresholds, 2004 | |
---|---|
Individual, aged 65 or older | $9,060 |
Couple, householder aged 65 or older | $11,430 |
Family of four | $19,307 |
Percentage of population with income below poverty level, 2003 | |
All ages | 12.5 percent |
Children under the age of 18 living in families | 17.1 percent |
Persons aged 65 or older | 10.2 percent |