Mar
29
2011
By Guest (not verified)
I have heard that if you draw social security that your medicare expenses are deducted from the amount that you draw. I paid in medicare all of my life, I thought that medicare was what you collected after age. Do we still pay into it through our social security? Are we charged for it anyway?
Please explain how this works! Thanks,
I also would like to know if you can draw railroad spouse benefits and the social security too. How does that work? Do you choose the one that is higher or do they cancel each other out and you get a lesser amount of one or the other?
Forums:
Medicare - Social Security and Railroad spouse benefits
Most people do not pay a monthly Medicare Part A (hospital stay) premium because they or a spouse has 40 or more quarters of Medicare-covered employment. However, there is a Medicare Part B (general medical care) premium which is approximately $100 per month, depending on your income. Medicare Part B premiums must be deducted from Social Security benefits if the monthly benefit covers the deduction.
Both RRB and Social Security offer retirement, disability, spousal, and survivor benefits that are generally calculated in the same manner. However, the benefits provided by each program are not identical. You should contact Social Security directly regarding RRB benefits.
https://questions.medicare.gov/app/answers/detail/a_id/2307/
http://socialsecurityhop.com/en/handbook/01/0127-hospital-and-medical-in...
http://www.ssa.gov/policy/docs/ssb/v68n2/v68n2p41.html