Which of the following statements concerning OASDI disability income benefits is correct?
- Disability is defined as the inability to perform all major duties of the insured’s own occupation.
- Unless specifically exempted, a waiting period of 12 months must be satisfied.
- If the disabled worker is also receiving workers compensation benefits, the full OASDI benefit is payable as long as the combined benefit does not exceed 80% of the worker’s average current earnings.
- The disability benefit is 80% of the worker’s PIA, determined as if the worker were at normal retirement age and eligible for old-age benefits.