What Tax Practitioners Need to Know About Medicare and Social Security (TMSS)

As clients age, accounting and finance professionals often field questions about Social Security and Medicare, which are essential parts of most individuals’ plans for retirement. To advise such clients, it is important to have a basic understanding of these two complex programs. This course addresses commonly asked questions tax practitioners receive about Social Security and Medicare.

Panelists are subject to change.

• When can/should someone file for Social Security benefits?
• How is the individual’s Social Security benefit amount determined?
• What are the eligibility requirements to collect Social Security payments through a spouse or ex-spouse?
• What happens when you file for Social Security benefits and continue to work?
• Do you have to file for Social Security benefits when ready to enroll in Medicare?
• When and how must you sign up for Medicare, and what if you sign up late?
• If covered by Medicare, must the individual make any out-of-pocket payments?
• What happens if you are covered by an employer’s or spouse’s health insurance at age 65 or older?

• Effectively advise clients on Medicare and Social Security issues