Publisher's Synopsis
Help your clients maximize their Social Security & Medicare benefits! Social Security & Medicare Facts is a one-stop guide for attorneys, CPAs, and retirement and financial planning professionals for advising on tax and policy changes affecting Social Security and Medicare. Organized in a unique and convenient Q&A format, this book helps professionals find exactly what they're looking for quickly and easily to solve clients' important planning issues in a timely manner.
This resource features:
- Hundreds of easy-to-read questions and answers that comprehensively cover all aspects of Social Security & Medicare
- How Social Security retirement and disability benefits are determined
- How to incorporate Social Security & Medicare benefits into planning techniques
- Explanations of the effects of other types of income on Social Security Benefits
- Filing and timing requirements for Medicare coverage
- Information regarding Medicare claims and appeals process
- Information regarding Medigap insurance coverage
- And more!
New in the 2020 Edition:
- New discussions of planning techniques designed to maximize benefts
- Dozens of new questions, expanding coverage of nearly every topic as well as updating benefits amounts and costs to 2020 values
- A new section addressing state taxation of Social Security benefits
- Updated and additional information on how benefits can be reduced or lost through the Windfall Elimination Provisions to the Social Security Act and Government Pension Offset
- Expanded coverage of denial of coverage and appeal processes
- Expanded coverage of Medicare, Medicare Advantage, Medigap policies, and Medicaid, including the Medicaid expansion under the Affordable Care Act and elimination of the popular C and F plans
- Updated coverage of Medicaid benefits, as well as changes in eligibility standards and work requirements
- Updated case studies illustrating how to maximize benefits strategies in real-life scenarios
- Additional information regarding Delayed Retirement Credits and Self-employment Insurance
- Updated information regarding rights and benefits for same-sex marriages
- Expanded coverage of Railroad Retirement benefits and benefits for federal government employees, including new questions relating to FERS and Civil Service Retirement programs
- Additional coverage of military retirement benefits including expansion of coverage of new Blended Retirement program, military disability pay, and coverage for National Guard members and reservists
- The effect of "excess earnings" on benefits for Social Security recipients
- Expanded coverage of retirement and disability benefits, as well as mother and father's benefits, spousal and surviving spouse benefits, and children's benefits
Topics Covered:
- Retirement & disability benefits
- Filing for benefits
- Loss of Social Security benefits due to "excess" retirement earnings
- Social Security taxes
- Railroad Retirement benefits
- Benefits for federal government employees
- Medicare Part A, Hospital Insurance
- Medicare Part B, Medical Insurance
- Medicare Part C, Medicare Advantage
- Medicare Part D, Prescription Drug Insurance
- Medigap insurance
- Medicaid coverage and eligibility
- How to submit Medicare claims and file appeals
- Social Security coverage
- Benefit computation
- Taxation of Social Security benefits
- Wages & self-employment income
- Benefits for service members & veterans
- And More! See the "Table of Contents" section for a full list of topics
