Although the agreement between the U.S. and Korea allows the Social Security administration to count your Korean loans to help you qualify for retirement, disability, or survival benefits in the United States, the agreement does not cover Medicare benefits. As a result, we cannot count your credits in Korea to get free Medicare medical insurance. The table below shows the different types of social security benefits to be paid under the U.S. and Korean social security plans and briefly describes the eligibility requirements for each. If you do not meet the conditions for regular benefits, the agreement can help you qualify (see section “How to pay benefits”). If you have contributed to both the Pension Canada Plan and the Korean retirement program or have lived in Canada and Korea, this agreement can help you qualify for: under these agreements, Australia equates periods of social security/stay in these countries with periods of Australian residence in order to meet the minimum entitlement periods for Australian pensions. Typically, other countries count periods of work stay in Australia as social security periods to fulfill their minimum payment periods. As a rule, each country pays a partial pension to a person who has lived in both countries. If you have Social Security credits in the United States and Korea, you may be entitled to benefits from one or two countries. If you meet all the essential requirements of a country`s system, you regularly get an advantage from that country. If you don`t meet the essential requirements, the agreement can help you qualify for a performance, as explained below.
If you are entitled to Social Security benefits from both the United States and Korea and do not need the agreement to qualify for either benefit, the amount of your U.S. benefit may be reduced. This is the result of a provision in U.S. law that may affect how your benefit is calculated if you are also receiving a work-based pension that has not been covered by U.S. Social Security. For more information, call our toll-free number 1-800-772-1213 and receive the windfall elimination commission (publication number 05-10045). If you are outside the United States, you can write to us at the address in the “More Information” section.. . .