Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 06-18-2014, 06:31 PM
 
1,830 posts, read 6,155,976 times
Reputation: 1590

Advertisements

My husband receives Social Security but it still working part time. Not only is there the usual deduction for Medicare deducted from his SS check but also from his paycheck! Is this right? Medicare won't answer questions about it and hubby can't get answers from employer.
Reply With Quote Quick reply to this message

 
Old 06-18-2014, 06:46 PM
 
4,097 posts, read 11,481,166 times
Reputation: 9135
Thought this would answer your questions. There are 2 trust funds supported by two different payment sources.

How Medicare is funded | Medicare.gov
Reply With Quote Quick reply to this message
 
Old 06-18-2014, 06:52 PM
 
Location: Wisconsin
25,580 posts, read 56,488,147 times
Reputation: 23386
Earned income is subject to payroll taxes - both SS & Medicare - whether or not one is already enrolled in Part B and collecting SS.
Reply With Quote Quick reply to this message
 
Old 06-18-2014, 07:22 PM
 
Location: Florida
6,627 posts, read 7,346,527 times
Reputation: 8186
Quote:
Originally Posted by Townandcountrygal View Post
My husband receives Social Security but it still working part time. Not only is there the usual deduction for Medicare deducted from his SS check but also from his paycheck! Is this right? Medicare won't answer questions about it and hubby can't get answers from employer.
This is correct.
The deductions from the pay check are the same as they were before he started getting a SS check.
The deduction from the SS check is to pay for Part B of the medicare insurance. This charge can be reduced if your income is low.
You should also be paying a SS tax in your paycheck.
There are also deductions from the SS payments if your earnings are too high. The deduction may come in the following year.
Your husband should call SS and have everything explained . 1-800-772-1213
Reply With Quote Quick reply to this message
 
Old 06-19-2014, 05:42 PM
 
Location: Verde Valley AZ
8,775 posts, read 11,909,171 times
Reputation: 11485
Quote:
Originally Posted by Townandcountrygal View Post
My husband receives Social Security but it still working part time. Not only is there the usual deduction for Medicare deducted from his SS check but also from his paycheck! Is this right? Medicare won't answer questions about it and hubby can't get answers from employer.
Same here. I work part time and get a SS check. My pay stub lists SS deduction but doesn't say anything about Medicare so I just assumed it was rolled into the one amount? I don't know, really. Does your husband's check stub show both? In any case the amount deducted is just a bit less than what they take from SS check for Medicare.
Reply With Quote Quick reply to this message
 
Old 06-19-2014, 09:00 PM
 
Location: Wisconsin
25,580 posts, read 56,488,147 times
Reputation: 23386
Total is 7.65%, 6.45% for SS, 1.2% for Medicare. The deduction should not be more or less than 7.65% total.

Quote:
There is no wage base limit for Medicare tax. All covered wages are subject to Medicare tax.

Tax Topics - Topic 751 Social Security and Medicare Withholding Rates
Reply With Quote Quick reply to this message
 
Old 06-20-2014, 04:47 AM
 
11,177 posts, read 16,021,941 times
Reputation: 29935
Quote:
Originally Posted by Ariadne22 View Post
Total is 7.65%, 6.45% for SS, 1.2% for Medicare. The deduction should not be more or less than 7.65% total.
I think you transposed a couple of numbers there.

It is 6.2% & 1.45%.
Reply With Quote Quick reply to this message
 
Old 06-20-2014, 10:11 AM
 
5,097 posts, read 6,350,110 times
Reputation: 11750
This is good to remember when doing both...working and taking SS.
Reply With Quote Quick reply to this message
 
Old 06-20-2014, 12:36 PM
 
Location: Wisconsin
25,580 posts, read 56,488,147 times
Reputation: 23386
Quote:
Originally Posted by MadManofBethesda View Post
I think you transposed a couple of numbers there.

It is 6.2% & 1.45%.
Thank you.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement

All times are GMT -6. The time now is 06:40 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top