Are Medicare Premiums Deducted From Your Social Security?

Yes. If you are already collecting your Social Security benefits or Railroad Retirement benefits, your Medicare Part B monthly premiums will be deducted from your monthly Social Security benefits.  The same federal administration oversees both programs, so they coordinate your benefits easily. Since the cost is deducted from your benefit, you don’t need to worry …

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Social Security Disability Insurance vs. Social Security Income

Social Security Disability Insurance (SSDI) and Social Security Income (SSI) differ in their qualification requirements, their monthly pay averages, when benefits begin, and which medical insurance recipients qualify for. Both benefit programs are administered by the Social Security Administration, but they differ widely between these categories. Generally, SSDI is for people who have a long …

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What is a Medicare Savings Program?

A Medicare Savings Program can help you cover Medicare costs such as premiums, deductibles, and copayments. If your household income and resources are within certain levels, you may qualify for one of these savings programs. There are four Medicare Savings Programs:  Qualified Medicare Beneficiary Program Specified Low-income Medicare Beneficiary Program Qualifying Individual Program Qualified Disabled …

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