Chapter 11

1. Chapter 11 • Social Security andOther Social Insurance

2. Social Security and Social Security Benefits • Overview of the Social Security system • Retirement benefits • Disability benefits • Family benefits • Survivors benefits • Medicare • Supplemental Security Income (SSI)

3. The History of Social Security Benefits • Social Security Act of 1935 • Cost of living adjustment (COLA) • Medicare program • Medicaid

4. Social Security Taxes, Contributions and Trust Funds • Federal Insurance Contributions Act (FICA) • Old age, survivors, and disability insurance (OASDI) • Trust funds • OASI trust fund • DI trust fund • HI trust fund • SMI trust fund

5. Social Security Benefits—Eligibility and Calculations • Covered workers and insured status • Social Security beneficiaries • The Social Security statement • Form SSA-7005

6. Social Security Retirement Benefits • Retirement benefit calculation • AIME • PIA • Early and late retirement options • Reduction of benefits • Retirement earnings limitations test • Taxation of benefits

7. Social Security Disability Benefits • Disability insured status • Definition of disability • Substantial earnings

8. Social Security Family Benefits • Beneficiaries • Spouse • Children • Ex-spouse • Age limitations for children

9. Social Security Survivors Benefits • Eligible family members • Widow or widower • Children • Parents • One-time payment of $255

10. Maximum Family Benefit • Limit on the amount of monthly Social Security survivors benefit that may be paid to a family • Determined by formula based on worker’s PIA

11. Medicare Benefits • Eligibility • Four parts • Part A—Hospital insurance • Part B—Medical insurance • Part C—Medicare Advantage • Part D—Prescription drug coverage • Other Medicare health plan choices

12. Medicare Part A • Covered services • Benefit period • Deductibles and copayments • Skilled nursing benefits

13. Medicare Part B • Covered services • Premiums • Coinsurance

14. Medicare Parts C and D • Part C • Medicare Advantage • Medical savings account (MSA) • Part D • Prescription drug coverage • Premiums, deductibles and co-pays

15. Applying for Medicare • Part A • Part B • Impact of employer group health coverage • State assistance

16. Supplemental Security Income Benefits • Eligibility • Definition of disability • Benefits

17. Other Social Security Issues • Effect of marriage or divorce on benefits • Change of name • Leaving the United States