SOCIAL SECURITY MEDICARE BENEFITSWritten by Jinky C. Mesias
There have been many discussions regarding social security but just what social security means. The term social security pertains to benefit payments provided to workers and their dependents who qualify as beneficiaries under old-age survivors and disability insurance programs of social security act. The social security replaces a portion of earnings lost as a result of retirement, disability or death. The social security is designed to provide benefits that will be able to replace greater percentage of earnings especially of lower-paid workers. The social security is truly a pro-poor program. One of coverage offered by social security is Medicare, which is a great help to poor.
Medicare is federal government’s hospital and medical insurance program especially designed for people age sixty-five and above. The Medicare benefits is not dependent on social security that is why you may be able to get hold of your Medicare benefits even without your social security. Medicare also provides limited insurance benefits and therefore may no cover all medical expenses however, having a Medicare supplement is much better than not having it at all since it can provide extra medical protection for medical expenses that may not be covered. Medicare benefit
SOCIAL SECURITY SURVIVOR BENEFITSWritten by Jinky C. Mesias
Two things in this world are sure and these are living and dying. The living part benefits of Social Security comprises of disability benefits, retirement benefits and Medicare Health Benefits. The death benefits of Social Security is embodied in its survivor insurance package wherein family of deceased Social Security member is given deceased retirement benefits in order to help them continue with their lives. Aside from that, in most cases survivors insurance is probably more than value of deceased life insurance. By now, you are probably thinking just how you may be able to earn social security survivors benefits. The first thing to do is of course to become a member of social security and then you have to work in order for you to earn enough Social Security credits. A social security member can earn up to four credits each year. These credits will be basis for survivor benefits that would be given to family of deceased social security member. In addition, survivor benefits to be given to family of deceased social security member will also depend on age of member at time he or she died. For social security members who died at a young age, fewer credits are allotted for family and would therefore render them a much lower survivor benefits. The survivor benefits will also depend on working years of social security member. In addition, each member of social security is allowed to have not more than forty credits which is also equivalent to ten working years.