mation declaring, ctors tatt a son, age 1. Sam is employed cians, hedis ny physioun em by illing totes ing patiem unnecessan ys and phone claim ito olluded on de CASE APPLICATION ise 35, and Kathy, age 33, are married and have extent, if any, would Kathy be eligible to re e 1. Sam is employed as an accountant and OASDI disability benefits? s $75,000 annually. Kathy is professor of finance C. A deranged student fired a pistol at Kathy because a large state university and earns $150,000 annually. she gave him a grade of D. As a result, Kathy was Both are currently and fully insured under the OASDI seriously injured and is expected to be off work for seram. Assume you are a financial planner who is at least one year while she is recovering. To what sked to give them advice concerning OASDI and other extent, if any, would existing social insurance pro- social insurance programs. Answer each of the follow- grams in the United States provide income during ing questions based on the following situations. Treat the period of temporary disability? cach situation separately. d. Sam would like to retire at age 62 and still work part-time as an accountant. He has been informed a. Sam is killed instantly in an auto accident. To what that the OASDI earnings test would be relevant in extent, if any, would the surviving family members his case. Explain how the earnings test might affect be eligible to receive OASDI survivor benefits? his decision to work part-time after retirement. b. Kathy has laryngitis that damaged her vocal cords. e. Sam resigned from his job to find a higher paying As a result, she can no longer teach. She is offered position. Explain whether Sam could receive unem- a research position in the business research bureau ployment insurance benefits during the period of of the university where she is employed. To what temporary unemployment before he finds a new job. ed nonreine dicaid to wa ercharging te d an Aging SUMMARY The Old-Age, Survivors, and Disability Insurance (OASDI) program, commonly called Social Security, er innstant social insurance program in the workfor lenry insurance