Workers in OASDI covered employment, 2003 | 154.3 million |
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Average earnings, 2003 | $32,808 |
Earnings required in 2004 for— | |
1 quarter of coverage | $900 |
Maximum of 4 quarters of coverage | $3,600 |
Earnings test exempt amounts for 2004 | |
Under full retirement age for entire year | $11,640 |
For months before reaching full retirement age in 2004 | $31,080 |
Beginning with month of reaching full retirement age in 2004 | Test eliminated |
Cost-of-living adjustment for December 2003 | 2.1 percent |
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Average monthly benefit, December 2003 | |
Retired workers | $922 |
Widows and widowers, nondisabled | $888 |
Disabled workers | $862 |
Number of beneficiaries, December 2003 | |
Old-Age, Survivors, and Disability Insurance | 47.0 million |
Old-Age Insurance | |
Total | 32.7 million |
Retired workers | 29.5 million |
Survivors Insurance | |
Total | 6.8 million |
Widows and widowers, nondisabled | 4.5 million |
Disability Insurance | |
Total | 7.6 million |
Disabled workers | 5.9 million |
Benefit payments, 2003 | |
Old-Age, Survivors, and Disability Insurance | $470.8 billion |
Old-Age and Survivors Insurance | $399.8 billion |
Disability Insurance | $70.9 billion |
Administrative expenses, 2003 | |
Old-Age and Survivors Insurance | |
Amount | $2.6 billion |
As a percentage of total benefits paid | 0.6 percent |
Disability Insurance | |
Amount | $2.0 billion |
As a percentage of total benefits paid | 2.8 percent |
Monthly federal benefit rate, effective January 2004 | |
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Individual living in his or her own household | $564 |
Couple with both members eligible | $846 |
Cost-of-living adjustment | 2.1 percent |
Total | |
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Benefits paid in 2003 | $35.6 billion |
Number of recipients, December 2003 | 7.1 million |
Average benefit, December 2003 | $418.04 |
Federally administered payments | |
Benefits paid in 2003 | $34.7 billion |
Number of recipients, December 2003 | 6.9 million |
Average benefit, December 2003 | $417.16 |
Federal SSI payments | |
Benefits paid in 2003 | $30.7 billion |
Number of recipients, December 2003 | 6.6 million |
Average benefit, December 2003 | $383.59 |
Federally administered state supplementation | |
Benefits paid in 2003 | $4.0 billion |
Number of recipients, December 2003 | 2.5 million a |
Average benefit, December 2003 | $138.38 |
State-administered supplementation | |
Benefits paid in 2003 | $0.9 billion |
Number of recipients, December 2003 | 0.6 million b |
Average benefit, December 2003 | $124.38 |
Total benefits paid in calendar year 2003 | |
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Hospital Insurance (Part A) | $152.1 billion |
Supplementary Medical Insurance (Part B) | $123.8 billion |
Number of enrollees in July 2003 (one or both of Parts A and B) | 41.1 million |
Aged | 35.0 million |
Disabled | 6.1 million |
Administrative costs, 2003 | |
Hospital Insurance | |
Amount | $2.5 billion |
As a percentage of total benefits paid | 1.7 percent |
Supplementary Medical Insurance | |
Amount | $2.3 billion |
As a percentage of total benefits paid | 1.9 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, 2003 | $41.4 billion |
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Average— | |
Weekly benefit amount (regular programs) | $262 |
Duration of benefits | 16.4 weeks |
Weekly insured unemployment | 3.5 million |
Covered employment | 126.1 million |
Benefit payments, 2002 | $53.4 billion |
---|---|
Compensation payments | $29.2 billion |
Medical and hospitalization | $24.3 billion |
Benefits paid by— | |
Private insurance carriers | $29.0 billion |
State and federal funds | $12.5 billion |
Employers' self-insurance | $11.9 billion |
Covered workers per month | 125.6 million |
Costs as a percentage of covered payroll | 1.58 percent |
Average weekly benefit, 2001 | |
---|---|
California a | |
State fund | $288 |
Private plans | $449 |
New York | |
State fund | $145 |
Private plans | $191 |
Basic benefit to miner or widow | $549.00 |
---|---|
Maximum family benefit | $1,098.00 |
Part B (claims filed before July 1, 1973) | |
Number of monthly benefits to miners, widows, and dependents, December 2003 | 64,237 |
Total benefits paid, calendar year 2003 | $411.6 million |
Part C (claims filed July 1, 1973, or later) | |
Total benefits paid, fiscal year 2003 | |
Disability and survivors benefits | $336.9 million |
Medical benefits | $55 million |
Number of veterans with disability compensation or pension, 2003 | |
---|---|
Service-connected disability | 2,485,000 |
Non-service-connected disability | 347,000 |
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, 2003 | $9.5 billion |
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Average monthly number of— | |
Recipients | 4.9 million |
Families | 2.0 million |
Average monthly payment | |
Per recipient | $162 |
Per family | $393 |
Monthly benefits, beginning October 1, 2004 | |
---|---|
Four-person household with no income | $499 |
Standard deduction (one-person to four-person households) | $134 |
Fiscal year 2003 | |
Average number of participants | 21.3 million |
Total benefits | $21.4 billion |
Block grants to— | |
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50 states and the District of Columbia | $1.65 billion |
Puerto Rico, Virgin Islands, American Samoa, Guam, and Northern Mariana Islands | $2.3 million |
Direct block grants to 132 Indian tribes and tribal organizations | $16.4 million |
Leveraging incentive awards to— | |
38 states | $19.0 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— | |
33 states and the District of Columbia | $99.4 million |
46 Indian tribes and tribal organizations | $613 thousand |
Weighted average poverty thresholds, 2003 | |
---|---|
Individual, aged 65 or older | $8,825 |
Couple, householder aged 65 or older | $11,133 |
Family of four | $18,810 |
Percentage of population with income below poverty level, 2002 | |
All ages | 12.1 percent |
Children under age 18 living in families | 16.2 percent |
Persons aged 65 or older | 10.4 percent |