In general, the greatest threat to Social Security/Medicare in recent years has been that, because of increased benefits and increased number of retirees, they are no longer actuarily sound.
In the federal budget talks, entitlement is Social Security (SSA), Medicare, medicaid and the like. Freedoms granted to the American people by the USA. HOWEVER, retirees paid into SSA during the entire time they worked.
During your working life, you pay Medicare tax out of your paycheck. That tax pays for your Part A Medicare, which is the hospitalization portion of Medicare. Then when you enroll in Medicare, you can purchase Medicare Part B which is the medical/doctor's office portion of Medicare. When you purchase Part B, it is automatically deducted from your Social Security check each month. This amount will normally be $96.40(for 2009) unless you make more than $85,000.00 per year, then you will pay more for the monthly premium.
Because of your higher earnings and larger contribution amounts during your period of contributing to your social security and medicare benefit account.
Johnson
The W-2 wage and tax statement that the employer is required to send to the taxpayer before the end of January of the next year after the tax year.Box 4 is Social Security tax withheld, and Box 6is Medicare tax withheld.
Lyndon Johnson started Medicare and Medicaid to ensure that the elderly and the poor would have medical care.
President Johnson
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.
During your working life, you pay Medicare tax out of your paycheck. That tax pays for your Medicare Part A (hospitalization). When you turn 65 and enroll in Medicare, you can choose to enroll in Part B (medical/doctor's office). The premium for Part B for 2009 is $96.40 per month (if you make less than $85,000.00 per year) which is automatically deducted from your Social Security check.
lyndon Johnson It was president Johnson.
During your working life, you pay Medicare tax out of your paycheck. That tax pays for your Medicare Part A (hospitalization). When you turn 65 and enroll in Medicare, you can choose to enroll in Part B (medical/doctor's office). The premium for Part B for 2009 is $96.40 per month (if you make less than $85,000.00 per year) which is automatically deducted from your Social Security check.
None... Social Security (the government program) did not exist during WW1.