What do employers need to consider regarding Social Security
and Medicare? The Social Security program was created by the federal Social Security Act. It is a worker-employer-government
insurance program, covering benefits for retirement, survivors, disability,
and Medicare. Employers withhold two separate taxes from employees’
paychecks. One is the Social Security tax, and the other is the Medicare
Medicare, which is funded through taxes, provides health
insurance for people aged 65 or older and many people with disabilities.
Medicare consists of Parts A (hospital insurance), B (medical insurance),
and C (Medicare Advantage), which offer additional preventive health
benefits and patient protections. In 2006, Medicare began offering
prescription drug plans, known as Part D.
Summary for [Your State]