what are social security minimums for quarters
The minimum amount of quarters of coverage needed to be fully insured is six quarters of coverage and the maximum needed is forty quarters of coverage. Each year, an individual has the potential of earning four quarters of coverage through their work activity. Social Security establishes a monetary amount each year for a quarter of coverage. The amount of quarters of coverage or work credits that an individual earns has a direct affect upon their disability insured status.
For you and your dependents/survivors to qualify for full benefits under each program, you need to be âfully insured.â You and/or your dependents may also qualify for limited benefits if you are âcurrently insured.â. Each status requires a certain number of social security quarters of employment earnings. This number changes from year to year. In 2010, a quarter of earnings is $1,120.