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What else can I help you with?
What year were Medicare funds depleted?
Medicare funds have not, to this point, been depleted.
What is the largest mandatory expenditure of federal funds?
Medicare
Medicare funds are collected by what?
social security adminisration
How long can Medicare be funded?
it is estimated that funds have been appropriated to keep Medicare viable through 2026.
What government organization handles the funds for the medicare program?
The Social Security administration is responsible for collecting and handling the funds.
Who administer medicare funds?
ua tax payers and Social Security Administration
What are two of programs that FICA funds?
Social Security and Medicare are funded by FICA
Can I spend my medicare set aside annuity any way want and not get into trouble?
A Medicare Set-Aside arrangement is created from the settlement of a worker's compensation or liability case. The account is created by using a part of the settlement to be used to pay future medical expenses that are related to the job or injury and would otherwise be payable by Medicare. A structured MSA features annual payments via an annuity. This is a complicated area and you should get expert advice before spending the funds "on anything".
Who administers funds for Medicare?
ua tax payers and Social Security Administration
Medicare funds are collected by?
social security adminisration
Can you pay for Medicare Insurance through an FSA?
Yes, you can pay your Medicare Part B or Part D premiums using funds from your Flexible Spending Account (FSA). If you have an FSA, you must also have an employer-based plan. So Medicare Part B and Part D might be unnecessary, since your employer plan probably already covers hospital services and prescription drugs. Nevertheless, you can pay for your Medicare coverage with FSA funds.
Is the FICA tax the same as a medicare tax?
No, the FICA tax is not the same as the Medicare tax, although they are related. FICA, or the Federal Insurance Contributions Act tax, encompasses both Social Security and Medicare taxes. The Social Security portion funds retirement and disability benefits, while the Medicare tax specifically funds health care for individuals aged 65 and older. Both are withheld from employees' paychecks and matched by employers.
