This is FICA insurance - disease?

FICA stands for federal insurance contributions Act. It employer refers to deductions keep social security employee compensation. Medicare is the name of the program additional medical insurance of the Social Security Act. Medicare was signed on 30 July 1965. First entries were accepted on 1 July 1966. To contribute, pay workers the same amounts, employers are of the social security act committed. CIFA OriginsThe federal insurance contributions Act adopted in 1939, it was originally in title VIII of the Act of economic security, written the name of the origin of the Social Security Act. The adoption of the Social Security Act there was concern among some members of Congress on the constitutionality of the law. To overcome these objections, title VIII financing of services was to internal revenue code and the federal insurance contribution was Act.Medicare OriginsMedicare by President Lyndon B. Johnson b. 30 July 1965, in amendments to the law on social security 1965 announced renamed. Original Act had two parts. Part A was hospitalized patient insurance services. Part B are external services such as such as doctor office visits and outpatient treatment hospital. Prescription drug was covered within the original right act.FICA ChangesFICA began benefit pension for persons over 65 years. Original law covered only persons who have paid FICA tax. The Act was amended to cover the spouse and the minor children of a worker in 1939. Disability have been added in 1956. Increase in allowance for lively effective automatic 1972 made in 1975. In 1984, covering the social Sicherheithat been given to all federal employees, including members of Congress and administration Rreal Branch.Medicare Changesn 1965 which Social Security Act was amended to cover health insurance containing social security beneficiaries who were 65 years and older. Part A coverage provided free re. Part B payments withdrew a load of premium, the social security. Part B coverage could reduce people. 1972 Extends coverage for recipients of disability and Terminal kidney patients. In 2003, the Medicare Modernization Act was signed by President George w. Bush prescription drug cost ChangesFrom 1937 in 1950 coverage.FICA FICA tax up to $ 3,000 was 1 percent of the content. All raises were then loaded by the Act. 1975 Onward there was provision for automatic increases on the basis of the average wage index. For the year 2010 is 6.20% of wages on the first $106,800 CIFA payment. Maximum FICA tax 1937 in 1950 was $30. By the year 2010 is the maximum charge 6 $621.60.Medicare costs need 1966, 0.35% of salary to the taxable person control maximum rate of $6600 Medicare. In 1991, the tax rate was 1.45% up to $125,000. In 1994, Congress deleted tax benefits for Medicare tax cap. If someone to pay $500,000, the employers and workers paid 1.45% of $500,000, $7250 each.