Medicare

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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How Does Medicare, Social Security, and Long Term Care Work Together?

Many seniors will want to plan for the possibility of needing long-term care. Medicare does not cover long-term care, which means your Social Security payments will need to be spent toward your long-term care costs. Long-term care can be expensive, so saving up and considering additional help from a long-term care policy will help you …

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Turning 65? Here’s What You Should Know About Medicare!

Medicare, the federal program for healthcare insurance, has multiple parts and you need to know how they work. Below we’ll teach you the parts, coverage, and costs of Medicare and how you can enroll when you’re eligible. The Parts of Medicare Medicare Part A and B make up Original Medicare. Beyond that are Medicare Advantage, …

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