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Retirement Beginner: Social Security, Medicare and Retirement

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1.
What types of healthcare coverage does Medicare provide in retirement?
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Hospitalization, prescription drug coverage and outpatient treatment. Medicare is a comprehensive health insurance plan for retirees, covering hospitalization, prescription drug coverage and outpatient treatment.
2.
Possible solutions for saving Social Security include _______.
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All of the above. All of these (and more) have been proposed as solutions.
3.
Social Security benefits are based on the best 10 years of your lifetime earnings.
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False. Social Security retirement benefits are based upon your lifetime earnings recorded with the Social Security Administration.
4.
Most of your Social Security taxes go into the Disability Insurance Trust Fund.
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False. Most of your Social Security taxes (6.2 of the total 7.65 percent) go to the Old Age and Survivors Insurance Trust Fund.
5.
You may receive full Social Security retirement benefits if you are eligible for early retirement.
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False. You are eligible for full retirement benefits only at normal retirement age.