Five Ways To Fund Medicare Part A | Old North State Wealth News
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Five Ways to Fund Medicare Part A



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There’s decent news on the Medicare front. Notably, the Hospital Insurance Trust Fund (HITF) that’s used to pay Medicare Part A benefits for recipients. The HITF is expected to be solvent for longer. According to current projections from Medicare trustees, the HITF would be able to fully pay scheduled benefits until 2036, five years later than last year’s forecast. That’s because federal payroll taxes fund the HITF, and the number of covered workers who pay the taxes, and their average wages, are forecasted to be higher. The HITF is mainly funded by Medicare taxes. And currently, there are three Medicare taxes: 

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