Tag Archives: arrears

Beauty Of Social Security: Payments In Arrears, Medicare Premiums In Advance!

by Anura Guruge

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Got this letter from Social Security yesterday and its obvious irony made me smile.

That Social Security pays one month in arrears is legendary. So, the month you are due to start getting ‘Social’ you don’t get paid. You get paid the following month. I think this means that YOU miss out on a month while still alive but your estate will get that month when you die. Nothing you can do.

So, you would think that the same rule would apply to Medicare premiums, i.e., they will collect in arrears to stay lock-step with their payments. No, Siree. They collect premiums one month in advance! Talk about nickel-and-diming folks.

Only in the U.S. of A.

Related posts:
Check Category¬†‘Healthcare’.

by Anura Guruge