Ask Larry

Why Are Medicare Taxes Being Withheld From My Wages If I'm Paying Quarterly Medicare Premiums?

I am 65 . Still work and am being billed quarterly for my Medicare, Why am I still paying a Medicare tax from my employer paychecks

Hi. The Medicare payroll taxes deducted from earnings fund only Part A of Medicare, not any other parts of Medicare. That's why insured individuals pay no monthly premium for part A coverage, but do have to pay premiums for the other optional parts of Medicare.

Best, Jerry

Category: 
Posted: 
Apr 2 2022 - 8:11am
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