Blue Cross and Other Private Health Insurance for the Elderly, Volume 4, Part 2U.S. Government Printing Office, 1964 |
Common terms and phrases
12 months 20 percent 30 days active employees age group aged 62 aged 73 aged persons assets base plan beneficiary couples beneficiary units benefit changes Blue Cross contracts Blue Cross plan Blue Cross-Blue Shield Cent coinsurance company pays couples and nonmarried Cross contracts held disability due to age end of table enrollment F F F F F.
F. footnotes at end FRANK CARLSON G and NG health insurance held by aged hospital least 1 member lifetime maximum major medical plans Married couples maximum for active median income ment nonbeneficiary units nonmarried persons Nonmarried women OASDI benefits PAT MCNAMARA persons aged 65 plan and type ployees postretirement private pension public assistance RALPH YARBOROUGH rate increase receive benefits based reduce benefits Reporting on income retired employees retired workers scribed Social Security Administration sources spouse supplemental major medical Survey TB excluded type of plan UNITS AGED 65 wage record
Popular passages
Page 364 - sample, they may differ somewhat from the figures that would have been obtained If all aged persons In the United States had been surveyed and the same schedules, Instructions, and Interviewers used. Estimates of the sampling variability of the Survey
Page 361 - are, in the main, regular members of the labor force. Even among nonmarried women, 70 percent had worked in 1962, so that earnings represented more than fourfifths of the total income of the group. It is equally clear that those who claimed OASDI benefits before they reached age
Page 343 - HEALTH, EDUCATION, AND WELFARE, Social Security Administration The foregoing findings are the first from the nationwide 1963 Survey of the Aged undertaken by the Social Security Administration, with the Bureau of the Census acting as its agent in collecting and tabulating the data. This Survey will provide data on
Page 343 - under OASDI ran a close second to earnings as a proportion of their aggregate money income. Benefits from public and private retirement programs combined represented two-fifths of aggregate income. The aged received 15 percent of their income from interest, dividends, and rents. Public assistance and veterans' compensation accounted for the smallest proportion (5 percent and 4 percent, respectively). • Deputy
Page 348 - Except for public assistance and contributions from relatives, the proportion with income from each of the sources discussed was smaller for the nonmarried persons than it was for aged couples. It follows, therefore, that the nonmarried were at a considerable disadvantage in terms of total cash income; their median income was $1,130, compared with
Page 352 - with private pensions constitute the economically elite among the retired OASDI beneficiaries : Their median total income of $3,400 was only onesixth less than that of beneficiary couples with at least one member working at a full-time job. And for nonmarried beneficiaries a private pension did as much as full-time employment to raise the average level of money income. At the other extreme
Page 361 - did so because they needed the benefit. In other words, their limited earnings apparently made even a reduced benefit attractive—despite the fact that 7 out of 10 couples reported some income from employment. The median cash income of the group aged 6264 is approximately the same as that of
Page 360 - been expected on the basis of characteristic differences between the sexes in earnings. Partly responsible is the OASDI benefit formula, which is weighted in favor of the worker with low average earnings. There is some evidence, also, that the retired men had slightly less than the retired women in income other
Page 346 - not themselves entitled to OASDI benefits. Next in importance after OASDI and earnings as a source of funds for the aged was income from assets. Interest, dividends, and rents made up more 1 Preliminary analysis of the number of persons (as distinct from
Page 350 - the men beneficiaries who supplemented their retirement income by earnings had only part-time or occasional jobs; for a few, earnings were large enough to require suspension of their benefits. A few of the men had younger wives with sizable earnings, and a few married women aged