Learning Center

Is Social Security a Pretax Deduction?

Sifting through Social Security information and understanding how the system works can be confusing. When you add the subject of taxes into the mix, heads can begin to spin. Getting familiar with common terminology can help you navigate the ins and outs of Social Security deductions. Pretax and post-tax deductions…

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How Does Medicare Cover Treatment for Pneumonia?

Pneumonia is one of the most common illnesses in the United States. Every year it sends over one million people to the hospital and is the cause of death for over 50,000. Pneumonia, viral or bacterial, is a severe infection that promotes inflammation in one or both of the lungs’…

Will I Be Eligible for Medicaid?

Medicaid is a federally regulated, state-run health care program in the United States that provides coverage to over 72 million men, women, and children who cannot afford private health care or Medicare. Medicaid was established in 1965 and is now the largest health care provider for people of low income…

Does Social Security pay for cremation?

While reviewing “Your Social Security Statement,” the document available on the Social Security Administration (SSA) website, you may notice a section for survivors and wonder if the Social Security Administration covers any funeral expenses. The short answer is no; however, there are survivor benefits that may help. Social Security eligibility…

Does 401(k) Count Against Social Security?

Individuals newly eligible for Medicare benefits and Social Security payments are in a unique situation compared to their parents’ generation. Aside from government employees and a few private corporations, many people in their 60s today joined the workforce when pensions were being phased out and replaced with 401(k) plans. The…

How Much Does Medicare Cost at Age 62?

Medicare was signed into law by President Lyndon B. Johnson in 1965. The program was designed to provide insurance coverage of hospital expenses through Part A, and of medical costs through Part B. Medicare covers senior citizens aged 65 and older and younger individuals with specific disabilities. Medicare is available…

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Does Medicare Cover Telehealth During the COVID-19 Pandemic?

COVID-19, commonly called coronavirus, has brought telehealth to the forefront of conversations regarding doctor appointments. This form of health care is nothing new, and, in fact, a non-profit association founded in the U.S. in 1993 has been dedicated to this type of service. American Telemedicine Association (ATA) is comprised of…

What Does Medicare Mean on my Paycheck?

When Medicare was enacted as a federal law in 1965, the funds to support the program became a payroll tax on earned income. The payroll taxes required for the Federal Insurance Compensation Act (FICA) are to support both your Social Security and Medicare benefits programs. Your employer makes a matching…

How Does Social Security Work for Married Couples?

When most people reach their 60s, they start thinking about their retirement benefits from Social Security. For married couples, there are advantages to making decisions about retirement as a couple, rather than as individuals. Taking into consideration joint life expectancy, future plans, and your household budget, you can make some…