Definitions for "Medicare Part A"
Medicare Part A pays for in-patient hospital stays, skilled nursing home care, home health care, and hospice care.
Usually referred to as Hospital Insurance, it helps pay for inpatient care in hospitals and hospices, as well as some skilled nursing costs.
The “hospital insurance” part of Medicare. Part A is an entitlement program, which means it is paid for out of the Medicare taxes in one's paycheck. To be eligible, the individual must have worked for 40 quarters (10 years), or they can opt to pay a monthly premium. This covers services such as inpatient care, limited stays in a SNF and hospice care.
Keywords:  withheld, wages, employed, self, net
The medicare tax withheld from an employee's wages, or the same tax paid by a self-employed person on net self-employment income. The medicare A tax rate is 1.45 percent (2.9 percent for self-employed individuals).