What does Spouse's Benefit mean? Read on to discover the definition & meaning of the term Spouse's Benefit - to help you better understand the language used in insurance policies.
A spouse's benefit is a monetary benefit provided by Social Security to a worker's spouse. The amount is equal to 50% of the worker's Social Security benefit. To be eligible, the worker must file for a retirement benefit, and the spouse must be at least 62 years old or any age as long as they are caring for a qualifying child, which means the child is either receiving a Social Security disability benefit or is under the age of 16.
We hope the you have a better understanding of the meaning of Spouse's Benefit.