Can I have both NSDL and CDSL?
Yes, Social Security and Medicare are federal programs designed to work in tandem, and most beneficiaries who receive Social Security eventually become eligible for and enrolled in both. If you are receiving Social Security retirement benefits, you will generally be automatically enrolled in Medicare once you reach age 65. If you are younger than 65 but have been receiving Social Security Disability Insurance (SSDI) benefits for 24 months, you will also be automatically enrolled in Medicare. Because the programs have similar eligibility criteria, they often function as a combined support system: Social Security provides the necessary monthly income, while Medicare provides health insurance coverage. In many cases, your Medicare Part B premiums can be conveniently deducted directly from your monthly Social Security benefit payment, simplifying your financial and healthcare administration.
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