ARLINGTON, Va., May 31, 2013 /PRNewswire-USNewswire/ -- Bloomberg BNA has published the 2013 Edition of the Social Security and Medicare Fact Sheet, the easy-to-use resource designed to be disseminated company-wide by human resources and benefits practitioners to inform employees of changes to their Social Security and Medicare benefits.
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The 2013 Edition includes new information on Social Security taxes, disability benefits, new eligibility requirements, and cost of living adjustments. It discusses additional Medicare taxes on earnings over $200,000, which employers are required to withhold, and the Medicare withholding tax for earnings over $200,000 for those who are self employed.
The Fact Sheet helps employees understand:
- Approximately how much they will receive in retirement benefits
- The average monthly benefit amount for all retired workers
- The highest monthly retirement benefit that can be received
- The Government Pension Offset
- Medicare Part A hospital care benefits
- Medicare Part B eligibility and costs
- Medicare Part C Medicare Advantage plans
- Medicare Part D income-related adjustment costs
The Social Security Administration will no longer automatically send Social Security Statements to workers age 60 and over who are not currently receiving benefits. The 2013 Edition provides information on how workers can create a personalized online account to access Social Security statements and estimations of benefits. It also explores other online tools that can help employees calculate retirement benefits and estimate death or disability benefits.
The editor of the 2013 Edition of the Social Security and Medicare Fact Sheet is Leslie King, a former tax law editor with Bloomberg BNA Tax & Accounting, who currently serves as the assistant general counsel at the District of Columbia Retirement Board. This treatise is available for sale directly from Bloomberg BNA and also will be available on the Bloomberg Law legal and business information system.
Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. In addition to the Social Security and Medicare Fact Sheet, Bloomberg BNA publishes Preventing Sexual Harassment and Other Workplace Harassment: A Fact Sheet for Employees, Employee Benefits Law, ERISA: The Law and the Code, and other titles in employee benefits law and legal reference. For a free catalog, call 1.800.960.1220, send an email request to [email protected], or visit us online at www.bna.com/bnabooks.
Social Security and Medicare Fact Sheet, 2013 Edition may be purchased from Bloomberg BNA, PO Box 7814, Edison, NJ 08818-7814. (Order #2065. Minimum order: 25 copies at $2.10 per copy, plus tax, shipping, and handling. Bulk order discounts are available; visit http://www.bna.com/bnabooks.ssf3 for information.) Telephone orders: 1.800.960.1220. Fax orders: 1.732.346.1624. A 10% discount is available on print copies of books when ordering from the website at www.bna.com/bnabooks. Please note that discounts cannot be combined.
Editors: Review copy available upon request.
Please e-mail Anna Bailey at [email protected], or call 703.341.5767.
Follow us on Twitter @BloombergBNA and @Annaebailey6
SOURCE Bloomberg BNA
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