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How long do you have to pay into social security?
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No, Medicaid is paid with tax money/borrowing.
NEVER not as long as you are still breathing and receiving any of the types of qualified earned income from an employer or being a self employed taxpayer and receiving income …that you have worked for provided your services to earn.
Once a garnishment order that involves federal matters is executed it remains in affect until the debt is paid in full or the debt is forgiven under the existing laws for fede…ral student loans. In rare cases debt for federally funded student loans are cancelled when it can be proven by the debtor that he or she due to some extreme circumstances (physical impairment for example) will never be able to meet the financial obligation.
The taxes that you are paying now for for the social security and medicare insurance program are being used to pay for the benefits that the current beneficiaries are receivin…g at this time and also some of the amount is being put into a trust fund that has some government assets for use in the future for your insurance benefits.
You stop making FICA contributions (Social Security, Medicare, etc.) when you are no longer earning wages, or if you are being paid by an entity not required to withhold these… taxes from your paycheck (non-profit agencies, certain state and local government bodies, etc.), unless they do so voluntarily. Most people, including those already drawing benefits, pay into Social Security as long as they continue working, regardless of age.
No. Social Security pays cash benefits and makes disabled and retired people eligible for Medicare, medical insurance available through the US government. Medicare does not pa…y for elective procedures, like liposuction.
Social Security doesn't pay for any medical care. Medicare will pay for group care for a limited period when necessary for rehabilitation.
No. Social Security is only taxable if you have other income in excess of certain thresholds. Since you have no other income, your Social Security is not be taxable.
YES it is taken out of every pay check before you get it.
That depends on what kind of coverage you elect. Medicare Part A (hospitalization) is paid out of the FICA contributions you made during your working years, so there is no c…ost to you when you retire or become disabled. Medicare Part B (government-administered outpatient, doctors' visits, etc.) costs $110.50 per month in 2010 and 2011, or Medicare Part C (Medicare Advantage Plans, run by private insurance companies) costs $110.50 and up. Medicare beneficiaries may choose either Part B or Part C or neither, but not both. Medicare Part D (government-subsidized drug benefit) costs vary from less than $20 per month to $130 per month or more, depending on coverage offered. Many Medicare Advantage Plans provide at least some drug coverage. If you decide to carry Medicare Parts B, C, or D, the monthly premium(s) is/are deducted from your benefit check. Many low-income individuals qualify for government subsidies to pay part or all of Parts B and D coverage.
they only do if they feel the need of extra security or pretection. Its like extra safty precautions
How long does it take for Social Security to issue back-pay on a disability claim and how much will it be?
The length of time it takes to receive a decision on your disability claim is from 3 to 5 months. It can vary depending on several factors, but primarily on: the nature of you…r disability;how quickly we obtain medical evidence from your doctor or other medical source;whether it is necessary to send you for a medical examination in order to obtain evidence to support your claim; andIf your claim is randomly selected for quality assurance review of the decision. If you have further questions, you may call our toll-free number, 1-800-772-1213 or TTY 1-800-325-0778. Our representatives will be glad to help you in any way they can. Go to the SSA.gov website and use the search box for HOW LONG WILL IT TAKE TO GET THE DISABILITY BENEFITS or copy and paste the below website address in your address bar.
Read the part in your tax guide that has a simple equation for determining the the amount of social security to report. It is a small fraction of what you actually receive tha…t you need to report as income.
Many independent contractors (those who receive a 1099 tax form) do not make FICA contributions. Unfortunately, if you don't pay into the Social Security trust fund, you may n…ot be eligible to collect benefits from it later.