Understanding the Medicare Tax: What You Need to Know

The Medicare tax is a federal payroll tax that funds the Medicare program, providing healthcare for eligible individuals. Currently set at 1.45% for employees and employers, it supports services for those aged 65 and older and certain younger individuals with disabilities. Understanding the Medicare tax is essential for financial planning, as it directly impacts future healthcare access. Remember, eligibility for Medicare typically begins at age 65, ensuring coverage when needed most. To know more visit here https://www.capitalbluemedicare.com/wps/portal/capm/home/what-is-medicare/eligibility-enrollment