Which coverage status allows an individual to receive Social Security benefits after meeting specific requirements?

The correct choice regarding the coverage status that allows an individual to receive Social Security benefits after meeting specific requirements is the fully insured status.

To become fully insured, an individual must accumulate a certain number of work credits, which typically involves earning a minimum amount of wages in employment covered by Social Security over a specified period. Once an individual has achieved fully insured status, they are eligible for various Social Security benefits, including retirement benefits, disability benefits, and survivor benefits for their dependents. This status provides a more comprehensive level of protection, as it encompasses both the necessary work credits and the right to access the full range of benefits offered by the Social Security Administration.

Understanding this status is crucial for individuals planning for retirement or exploring options in case of disability, as it directly impacts their financial security and access to benefits during critical life events.