Medicare and Medicaid are both government-funded healthcare programs in the U.S., but they are funded and administered differently. Medicare Funding (Federal Program) Medicare is a federal program that provides healthcare coverage primarily for individuals aged 65 and older, as well as some younger people with disabilities. It is funded mainly through: Payroll Taxes (FICA & SECA) Employees and employers each pay 1.45% of wages for Medicare (2.9% total). Self-employed individuals pay 2.9% through SECA. High-income earners pay an additional 0.9% Medicare surtax on earnings over $200,000 (individual) or $250,000 (married filing jointly). General Revenue (Federal Budget) Congress allocates funds from income taxes and other federal revenue sources. Medicare Premiums & Beneficiary Payments Parts B (medical insurance) and D (prescription drug coverage) are funded by monthly premiums paid by enrollees. Part A (hospital insurance) is mostly cov...
At Ladd Dental Group, we understand that the patient comes first. That is why we have ten convenient locations throughout North Central Indiana, accept dental emergency patients, are In-Network with almost all insurances, and have Friday hours available at most of our facilities! Give us a call today or stop by the office closest to you, and see what Ladd Dental Group has to offer! #PatientFirst #ConvenientDentistry #LaddDentalGroup #SmileOn