Which of the following indicates a fully insured individual?

A fully insured individual under the Social Security system is someone who has accrued the necessary number of quarters of coverage, which is typically achieved by having worked and paid Social Security taxes for a requisite period of time. This is crucial because being fully insured allows individuals to qualify for various benefits, including Social Security Disability Insurance (SSDI) and retirement benefits.

The concept of quarters of coverage is fundamental to the Social Security program; an individual can earn up to four quarters per year based on their earnings. To be fully insured, one usually needs to have at least 40 quarters of coverage, equating to approximately 10 years of work. This criterion is a primary factor that determines eligibility for specific Social Security benefits, highlighting the importance of having a consistent work history and contributions to the system.

Other options, such as receiving retirement benefits or having financial resources, do not inherently imply that an individual is fully insured as they may not have the required work history. Assistance from welfare is unrelated to one's insured status and does not require any work history, further distinguishing it from the criterion for being fully insured.