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Social Security provides cash payments for persons who are at least age 62 and those who are "permanently and totally disabled." Medicare provides health insurance for persons over age 65 and persons who are "permanently and totally disabled." For either program, the individual must have 40 credits of "covered employment" (i.e., calendar quarters during which they paid into the program). Both are funded by payroll taxes and administered by the Federal government.
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If you accept Medicare do you not get your social security?
Acceptance of Medicare has no effect on your eligibility for Social Security.
Are social security and Medicare different from social welfare?
No! Both social security, medicare, and food stamps; are all forms of social welfare.
Social security amd medicare are taking out of your income as taxes?
Yes. Social Security and Medicare are taken out of your income before you see your paycheck. Your employer also pays an additional Social Security and Medicare tax to your account.
What is Medicare sn?
It is your social security number
Is medicare an optional deduction?
Medicare, like social security is a mandatory deduction.
Medicare funds are collected by?
social security adminisration
Which is the largest entitlement program medicare food stamp social security or medicaid?
Social Security
What percentage of income do employees pay in social security and Medicare taxes?
Social security: 6.2%
What year was it voted to pay medicare out of social security?
Medicare is not paid out of Social Security. The two are funded by different payroll taxes.
What is social security and Medicare?
The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax.
Did republicans want medicare in 1965?
No, they were deadly against Social Security and Medicare and still are!
What are the two divisions of the FICA?
Social Security and Medicare.
