Social Security and Medicare

New and Updated

• Type:

  Quick Reference

  Social Security and Medicare Tax Rates and Benefit Amounts

  Updated to reflect inflation-adjusted amounts, effective January 1, 2024.

• Type:

  Employment Law Guide

  Social Security and Medicare: Federal

  This section helps HR professionals understand obligations related to Social Security and Medicare.

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  Letters and Forms

  Medicare Part D Disclosure to CMS Form

  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."

• Type:

  Posters and Notices

  Medicare Part D Creditable Coverage Notice

  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.

• Type:

  Legal Timetable

  Additional Medicare Tax Rate to Apply to Certain Employees; Social Security Tax Rate to Increase

• Type:

  Letters and Forms

  IRS Form 1099-SA, Distributions From an HSA, Archer MSA or Medicare Advantage MSA

  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.

• Type:

  FAQs

  May an employee defer all of his or her paycheck to 401(k)?