This guide provides an overview of Social Security benefits and Medicare benefits under federal law. The Social Security Act provides income replacement upon retirement, the death of a spouse and permanent disability. Medicare is a federal health insurance program for certain individuals. Social Security and Medicare addresses federal requirements only and does not include state or local guides.
Entities that provide prescription drug coverage to Medicare Part D-eligible individuals must disclose to those individuals whether their drug coverage is creditable or noncreditable prior to October 15 each year, when an individual joins the plan and upon the individual's request.
Entities that provide prescription drug coverage to Medicare Part D-eligible individuals must disclose to the Centers for Medicare and Medicaid Services (CMS) whether coverage is "creditable prescription drug coverage."
As mandated by the Internal Revenue Service, employers must file Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA, to report distributions made from such savings accounts.