Social Security Agreement Between the US and France: What You Need to Know
If you are a citizen of both the United States and France, you may be entitled to certain benefits under the Social Security Agreement between the two countries. This agreement, signed in 1988, aims to ensure that individuals who have worked and paid into the social security systems of both countries are not penalized or disadvantaged by the duplication of social security taxes.
The agreement includes provisions for retirement, survivors, and disability benefits, as well as medical care coverage. It also covers self-employed individuals who may be subject to social security taxes in both countries. Here’s what you need to know about this agreement and how it may affect you.
Who is Covered by the Agreement?
The agreement covers individuals who are citizens or lawful permanent residents of either the United States or France and have paid social security taxes in both countries. This includes individuals who have worked in both countries at different times in their careers, as well as those who have worked for multinational companies and may have been transferred between the US and France.
What Benefits are Covered?
Under the agreement, individuals can receive benefits from both the US and French social security systems, depending on the number of years worked and the amount of social security taxes paid in each country. For example, if you worked for 20 years in the US and 10 years in France, you may be entitled to receive benefits from both countries.
The agreement also provides for medical care coverage, including hospitalization, medical consultations, and prescription medication. To access these benefits, individuals must enroll in the social security system of the country where they currently reside.
What are the Advantages of the Agreement?
One of the main advantages of the agreement is that it prevents double taxation on social security taxes. Without an agreement in place, individuals may be required to pay social security taxes in both countries, which can significantly reduce their take-home pay. The agreement ensures that individuals are only required to pay social security taxes in the country where they are currently working.
The agreement also provides for the transfer of social security credits between the US and France, which can help individuals who have worked in both countries to meet the eligibility requirements for retirement, survivors, and disability benefits.
How to Apply for Benefits
To apply for benefits under the Social Security Agreement between the US and France, individuals must contact the appropriate social security administration in their country of residence. In the US, individuals can contact the Social Security Administration, while in France, they can contact the Caisse Nationale d`Assurance Vieillesse.
In conclusion, the Social Security Agreement between the US and France provides important benefits and protections to individuals who have worked and paid into the social security systems of both countries. If you are a dual citizen or have worked in both countries, you may be eligible for benefits under this agreement. It is important to familiarize yourself with the provisions of the agreement and to contact the appropriate social security administration to apply for benefits.