A Better Way to Manage Your Everyday Money - Book - Page 24
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providing training, grants and loans, chartering, and field-of-membership services;
maintaining the health and stability of the Share Insurance Fund;
managing the assets of failed credit unions; and
providing emergency liquidity.
To learn more, go to ncua.gov.
Social Security Administration
The Social Security Administration, established in 1935, is an organization in
the United States that oversees social insurance programs related to retirement,
survivorhood, and disability. They also issue social security numbers (SSN) to all U.S. citizens.
A social security number is required for employment. The Social Security Administration
records your earnings and puts away a percentage of your paycheck for retirement benefits and
government services, such as government-funded medical care.
To learn more about Social Security and how to apply for your social security number, go to
ssa.gov.
Medicare and Medicaid
Medicare and Medicaid are two different programs.
Medicare is a federal health insurance program that medically assists people 65 and older, as
well as younger people with various disabilities. Medicaid is run by each state and medically
assists low-income groups.
Both programs ensure people who have inconsistent to no income who can receive lifesaving
services when necessary. Eligibility depends on the state a person lives in and their specific
situation.
To learn more about Medicare, go to medicare.gov.
For more information about the Medicaid program, contact your local medical assistance agency,
social services office, or get state contact information at medicaid.gov.
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