0
Why do you have to pay medicare taxes when you are paying medicare premiums?
Wiki User
∙ 9y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are three items that medicare beneficiaries are responsible for paying before medicare will begin to pay for services?
What are three items that medicare beneficiaries are responsible for paying before medicare will begin to pay for services?
Who does not pay for Medicare?
Everyone who pays any type of federal tax pays for medicare- Therefore, anyone who pays no federal taxes, does not pay for medicare. CORRECTION: Medicare is funded by a payroll tax, paid by employers and employees, and by insurance premiums. It is not funded by income taxes or other sources. Therefore, persons who are not yet Medicare eligible or who are unemployed and those few who are employed but do not pay Medicare payroll taxes do not pay for Medicare.
Do all retirees pay the same for medicare?
Medicare beneficiaries pay premiums (most people do not have to pay a premium for Medicare Part A); also, working retirees pay Medicare payroll tax.
Do you have to pay federal or state taxes on an insurance claim settlement?
For US Federal taxes, it would depend on who was paying the premiums for one thing. If you pay the premiums yourself and the loss is not business related, then no. If your employer pays the premiums or if the loss is business related then maybe. Based strictly on the information given in this question, the answer would be no.
Does congress pay into Medicare?
Members of Congress pay FICA/Medicare. They also pay health insurance premiums at rates comparable to the private sector.
Is a medicare part d suppliment necessary if you have medicaid?
Only if Medicaid will pay the premiums.
FICA includes taxes to pay for?
Social security and medicare
Can an employer offer to pay Medicare and Medicare Supplement premiums of the Medicare eligible employees and dependents if the employee wants to move off of the employer sponsored group health plan?
no
What are the importance of taxes?
On an individual level the importance of taxes aren't significant. Although it would be extremely unwise to not pay taxes the actual benefits to paying taxes are so that local, state and federal governments have a source of revenue to pay for roads, police, firemen, schools, social security, military, medicare and so forth.
Can you get medicare at 65 even if I didn't pay into it. That is didn't work?
Yes, but unless you qualify as the dependent of a Medicare-eligible wage earner, the premiums will be very high.
FICA includes taxes to pay for what?
A. Social Security and Medicare E2020
How did Incas pay taxes?
The Incas payed their taxes by paying taxes on the land they worked on.
