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Social Security/ Medicare
National Summary
What do employers need to consider regarding Social Security and Medicare? The Social Security program was created by the federal Social Security Act. It is a worker-employer-government insurance program, covering benefits for retirement, survivors, disability, and Medicare. Employers withhold two separate taxes from employees’ paychecks. One is the Social Security tax, and the other is the Medicare tax.
Medicare, which is funded through taxes, provides health insurance for people aged 65 or older and many people with disabilities. Medicare consists of Parts A (hospital insurance), B (medical insurance), and C (Medicare Advantage), which offer additional preventive health benefits and patient protections. In 2006, Medicare began offering prescription drug plans, known as Part D.
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170244index.aspxGuidance Social Security and Medicare: Communication and Compliance Challenges as Employees Approach Retirement Age (8/2019) 02/13/2020National
166395index.aspxQuestions & Answers In regards to spousal carve outs, what happens when the spouse is Medicare eligible? 07/19/2011National
160252index.aspxQuestions & Answers A current employee has Medicare Part A and will apply for Part B upon employer group's renewal of 1/1/11, does that mean he has to start drawing on his monthly Social Security payments? 12/17/2010National
159635index.aspxQuestions & Answers Are we required to participate in the Hire Act of 2010 or is it voluntary? 07/16/2010National
159491tools.aspxForms Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit (W-11) 04/13/2010National
156488index.aspxAnalysis Social Security/Medicare 03/04/2009National
152070index.aspxQuestions & Answers We have an employee who absolutely refuses to disclose his social security number to insurance carriers. What are the legalities on this, does Delta Dental (our potential new carrier), have the legal right to demand the SS#. 05/01/2003National
152065index.aspxQuestions & Answers I have an employee who has just informed me that his Social Security Number is fake. He then gave me an IRS Individual Taxpayer ID Number. He is terminated, but can employee use that IRS number to work? 11/27/2002National
152064index.aspxQuestions & Answers SUBJECT: Coordination of Benefits---Medicare for Disabled Participants Under Age 65 11/07/2002National
152069index.aspxQuestions & Answers Is there an internet resource for verifying social security numbers? 11/04/2002National
152066index.aspxQuestions & Answers An employee is going to be eligible for social security and does not want to earn more than $11,00 per annum. She has asked that her base hourly wage be reduced by the cost of her payment for health premiums. May we do this legally? 10/23/2002National
152068index.aspxQuestions & Answers My employee has heard somewhere that if you are born after 1938, then you must work one month past your 65th birthday before you are eligible for full social security benefits. Is this true? 07/08/2002National
152067index.aspxQuestions & Answers My 72 year old mother recently went back to work for the first time in about 12 years. What does she have to be aware of as far as Social Security and Taxes? 08/20/2001National
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