2024 Quarter Of Coverage Ssa . For title ii disability insurance. The law specifies that the quarter of coverage (qc) amount for 2024 is equal to the 1978 amount of $250 multiplied by the ratio of the national average wage index for 2022 to that for 1976, or, if larger, the 2023 amount of $1,640.
If you don’t earn 40 quarters of coverage, you, unfortunately, won’t qualify for social security retirement benefits. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
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