CHAPTER 11

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					Chapter 11

      Social Security and
    Social Security Benefits


          Chapter 11: Social Security and
             Security Security Benefits
              Social Security and Social
              Security Benefits
                Overview of the Social Security System
                      Retirement benefit
                      Disability benefit
                      Family benefit
                      Survivors benefits
                      Medicare
                      Supplemental Security Income (SSI)

Chapter 11: Social Security and
   Security Security Benefits                     2001, Dalton Publications, LLC
              Social Security Taxes and
              Contributions
                OASI Trust Fund
                DI Trust Fund
                HI Trust Fund
                SMI Trust Fund




Chapter 11: Social Security and
   Security Security Benefits       2001, Dalton Publications, LLC
              Social Security Benefits –
              Eligibility and Calculations
                Covered workers and insured status
                Social Security beneficiaries
                The Social Security Statement
                      Form SSA-7005
                The Retirement Benefit Calculation



Chapter 11: Social Security and
   Security Security Benefits               2001, Dalton Publications, LLC
              Taxation of Social Security
              Benefits
                For persons with substantial income in
                 addition to Social Security benefits, up to
                 85% of their annual benefits may be subject
                 to federal income tax.
                Combined income – on the 1040 federal tax
                 return, combined income is the sum of
                 adjusted gross income, plus nontaxable
                 interest, plus ½ of Social Security benefits.


Chapter 11: Social Security and
   Security Security Benefits                    2001, Dalton Publications, LLC
              Other Social Security Benefits
                Disability benefits and disability insured
                Family benefits
                Survivors’ benefits




Chapter 11: Social Security and
   Security Security Benefits                 2001, Dalton Publications, LLC
              The Maximum Family Benefit
                The Maximum Family Benefit is the limit
                 on the amount of monthly Social
                 Security benefits that may be paid to a
                 family.




Chapter 11: Social Security and
   Security Security Benefits               2001, Dalton Publications, LLC
              Medicare Benefits
                Medicare is a federal health insurance
                 plan for people who are 65 and older,
                 whether retired or still working
                There are two parts to Medicare:
                      Hospital Insurance (Part A)
                      Medical Insurance (Part B)



Chapter 11: Social Security and
   Security Security Benefits                         2001, Dalton Publications, LLC
              Other Social Security Issues
                Effect of marriage or divorce on
                 benefits
                Change of name
                Leaving the United States




Chapter 11: Social Security and
   Security Security Benefits                2001, Dalton Publications, LLC

				
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