Definition - What does Insured Status mean?
Insured status, in the context of Social Security, refers to a level of standing in the eyes of the U.S. Social Security Administration (SSA) that is attained when an individual has earned the required number of work credits in order to be eligible for receiving social security retirement, survivors, or disability benefits for themselves or their family members. The SSA uses a claimant's lifetime earnings record, reported under their Social Security Number (SSN), to determine their insured status.
Justipedia explains Insured Status
Social Security, administered by the U.S. Social Security Administration (SSA), is a federally-run insurance program. Only when an individual is insured under the Social Security program are they entitled to Social Security disability or retirement benefits and their family members eligible for survivors benefits. To be insured, an individual must have earned the required number of work credits prescribed by the SSA. When someone has earned the required number of work credit, they attain insured status.