Medicare Part A


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Related to Medicare Part A: Medicaid, Medicare Part C, Medicare Part D

Medicare Part A

Medicare Part A covers hospital and nursing home care. Medicare tax is withheld from an employee's wages, or paid with the tax return by a self-employed person. The medicare A tax rate is 1.45 percent (2.9 percent for self-employed individuals). Individuals other than self-employed individuals cannot deduct this tax. Self-employed individuals can deduct one-half of the amount paid as an adjustment to income.
References in periodicals archive ?
The PPS Revenue Model uses the 1995 Medicare Cost Report as the basis for determining the components of a facility's Medicare Part A program.
The Federal Government has had a long-standing concern with potential conflicts of interest in situations where insurance companies are also their contractor for Medicare Part A and B claim processing.
The Medicare Part A decision will not affect members of Trigon Blue Cross Blue Shield's Medicare supplement coverage or Trigon HealthKeepers Gold HMO coverage issued by HealthKeepers Inc.
The Funds' Medicare Part A claims will continue to be administered by HCFA's designated fiscal intermediaries.
Medicare is perceived as a small percentage of a facility's overall revenue source when in fact total Medicare Part A and Part B revenue can average 20% to 30% of a facility's total revenues.
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