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How can you get medicare or social security help with paying your bills of 10 percent after insurance?
Wiki User
∙ 12y ago
Neither Medicare nor Social Security is going to help you with these expenses. However, you might be eligible for Medicaid.
Wiki User
∙ 12y ago
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Would Medicare be your primary or secondary insurance?
We have Medicare and added on Anthem. Does that mean Medicare is primary (Paying 80 percent) , and Anthem is secondary?
If FICA and Medicare are written as two separate deductibles does this mean that you are paying double for Medicare?
FICA pays for your Social Security and the Medicare tax pays for Medicare Part A, which is your Medicare hospitization insurance. When you begin drawing your Social Security check, then your Medicare Part B medical/doctors visit insurance is automatically deducted from your check.
What is Medicare tax used for?
The Medicare tax that is deducted from your paycheck pays for your Medicare Part A insurance, so that you'll be able to use it when you turn 65. Medicare Part A is the hospitaliztion portion of Medicare. Once you turn 65, you'll pay for Medicare Part B that will be automatically deducted from your Social Security check. For 2009, that amount is $96.40/month if you make less than $85000.00 per year. Medicare Part B is the medical/doctor's office portion of your Medicare.
What set of the taxes are used by the federal government to support Social Security and Medicare programs?
Social Security and some portions of Medicare are paid for by payroll taxes from covered employees and their employers under the Federal Insurance Contributions Act (FICA) taxes. Employees pay half which comes up to 7.65 percent while their employers pay the other half for a total of 15.3 percent. Of this total, 12.4 percent goes toward Social Security, while the other 2.9 percent is used for Medicare. However, if you’re self-employed, you must pay both portions of the contribution for the employee and employer - so you’d end up paying the entire 15.3 percent. Medicare part B on the other hand is partly financed by premiums from recipients and partly from the federal government’s general revenue.
At what income do you stop paying FICA in 2009?
In 2009, $106,800 for Social Security. No maximum for Medicare.
What is the income threshold for exemption for Medicare deduction from Social Security?
There is no income threshold for Medicare taxes. While the 6.2% Social Security tax is only deducted from the first $106,800 of gross income, you continue paying 1.45% for Medicare on all wages earned.
What is a concern about the financing of Medicare?
money provided by the Social Security Administration for Medicare will be depleted before the aging population of the United States can actually benefit from the taxes they are now paying.
What problems are associated with Medicare and Medicaid?
On medicaid they say I qualify for a buy in under QMB .The state is paying my buy in but medicare sends me the bills and insist that Medicaid is not paying. I have been trying to straiten this out for 18 months now .medicare blames social security , social security blames medicaid , medicaid blames social security. Now I am told the Dept. of buy-ins is the only ones that can fix the problem. Is there such a Dept? How could I contact them?
Why is there no maximum contribution limit or cap on medicare?
Because that is the withholding tax rules for the insurance program that the contribution amount are paying for.
Why is the car insurance required by federal law to send info to medicare?
This is to determine if injuries from an auto accident can be paid from your insurance coverage or from Medicare. Several years ago the Federal government made auto insurance primary for paying for such injuries medical expenses and Medicare would pay secondarily over and above the auto insurance. They also made Medicare secondary to any other insurance you may have from a former employer under a retirement provision. This was a drastic swing of lots of money off of Medicare and onto other insurance programs for payment.
What is the largest expenditure for the US government?
In the 2013 US federal budget 803 billion dollars were spent on social security. This makes social security sector the one receiving maximum expenditure which is 23 percent of total federal spending.
If you qualify for Social Security which Medicare benefit do you get for free?
Hospital insurance (Part A)Most people age 65 or older who are citizens or permanent residents of the United States are eligible for free Medicare hospital insurance (Part A). You are eligible at age 65 if:You receive or are eligible to receive Social Security benefits; orYou receive or are eligible to receive railroad retirement benefits; orYou or your spouse (living or deceased, including divorced spouses) worked long enough in a government job where Medicare taxes were paid; orYou are the dependent parent of a fully insured deceased child.If you do not meet these requirements, you may be able to get Medicare hospital insurance by paying a monthly premium. Usually, you can sign up for this hospital insurance only during designated enrollment periods.NOTE: Even though the full retirement age is no longer 65, you should sign up for Medicare three months before your 65th birthday.
