medicare / Social Security

Understanding Medicare and Social Security

A great resource for understanding the basics of Social Security and Medicare

Writing for USNWR, Rachel Hartman explains:

How Social Security and Medicare Work Together

 “Social Security and Medicare are social safety programs that Americans pay into during their working years through taxes. Both are designed to assist older Americans and distribute benefits to the disabled and their families. Social Security provides financial support, and Medicare is a health insurance program that helps cover doctor visits, hospital stays and other medical treatments.

While the programs are separate, Social Security and Medicare are intertwined in several ways. Here, we look at the connections between the two programs as well as what to expect when applying for benefits.”
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Source: Financial Planning for Women