Medicare is financed by the Social Security Administration. So, taxpayers fund Medicare by paying 1.45% of their earning into Federal Insurance Contributions Act. (FICA). Employers bring in 1.45%. If you’re self-employed, you have to pay 2.9%.
Medicare is financed by the Social Security Administration. So, taxpayers fund Medicare by paying 1.45% of their earning into Federal Insurance Contributions Act. (FICA). Employers bring in 1.45%. If you’re self-employed, you have to pay 2.9%.
By providing any contact information on this website, you acknowledge that you will be directed to a licensed representative and will be contacted at a later date. Trusted Medicare Answers is not affiliated with the United States government or the federal Medicare program and is not endorsed by government agencies.
We do not offer every plan available in your area. Currently we represent 388 organizations which offer 12,962 products. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.
About
Keep up-to-date on changes to Medicare or ways to save on healthcare costs with our monthly blog updates.
Subscribe Today!