Define: Old Age Survivors Disability Insurance

OASDI is a federal program that provides financial assistance to retired, disabled, and surviving individuals and their families.

Eligibility for OASDI benefits is based on a person’s work history and contributions to the Social Security system. Generally, individuals who have worked and paid Social Security taxes for a certain number of years are eligible for benefits.

You can apply for OASDI benefits online, by phone, or in person at your local Social Security office. You will need to provide documentation of your work history and personal information.

OASDI provides retirement benefits for individuals who have reached a certain age, disability benefits for those who are unable to work due to a disability, and survivor benefits for the families of deceased individuals who were eligible for OASDI.

The amount of OASDI benefits you receive is based on your earnings history and the age at which you begin receiving benefits. You can use the Social Security Administration’s online tools to estimate your benefits.

You can receive OASDI benefits while working, but your benefits may be reduced if you earn income above a certain threshold. Once you reach full retirement age, your benefits will not be reduced regardless of your earnings.

If you are disabled but able to work part-time, you may still be eligible for OASDI disability benefits. The Social Security Administration has specific guidelines for determining disability and work capacity.

Non-citizens who have worked and paid Social Security taxes may be eligible for OASDI benefits. The eligibility requirements for non-citizens are similar to those for citizens.

Having other sources of income or retirement savings does not necessarily disqualify you from receiving OASDI benefits. However, your benefits may be subject to taxation depending on your total income.

If your OASDI benefits are denied, you have the right to appeal the decision. You can request a reconsideration, a hearing before an administrative law judge, and further appeals if necessary. It is recommended to seek legal assistance when appealing a denial of benefits.