Ever wonder what the FICA deduction is on your paycheck? This video breaks down the Medicare tax, a crucial part of the FICA deduction, and explains how it funds Medicare Part A. Learn about the essential services covered by Medicare Part A, including hospital stays, skilled nursing care, hospice, and home health services. Discover how much you and your employer contribute to Medicare, and understand why staying informed about Medicare changes is vital for your health care planning and long-term care expenses.
