Why Is Medicare Taken Out Of My Check?

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   Christopher Lawrence

   Insurance Broker | Financial Consultant, Lawrence Insurance Consulting, Southern New Jersey

   The Medicare system is funded through current budgetary dollars, the social security system is structured in the same way. All individuals age 65 and over along with anyone who is permanently disabled automatically qualify for medicare. The "premiums" are deducted from workers wages in part because of the assumption that contributing a small percentage from ones paycheck is far less of a unreasonable financial burden then paying a larger percentage over a shorter period of time from ages 65 to death after becoming permanently disabled.

   Answered on July 4, 2013

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