Dependency status on the FAFSA is different than dependency status on federal income tax returns. It doesnât matter whether or not your parents claim you as a dependent (exemption) on their federal income tax return. Being a dependent on a tax return doesnât affect your dependency status on the FAFSA. The opposite is also true. Being a dependent on the FAFSA doesnât affect your dependency status on your parentsâ tax return.
Ultimate guide to retirement. Medicare is funded by the Social Security Administration. Which means it's funded by taxpayers: We all pay 1.45% of our earnings into FICA - Federal Insurance Contributions Act, if you're into deciphering acronyms - which go toward Medicare. Employers pay another 1.45%, bringing the total to 2.9%.
The Centers for Medicare & Medicaid Services (CMS), a branch of the Department of Health and Human Services (HHS) , is the federal agency that runs the Medicare Program and monitors Medicaid programs offered by each state.In 2011, Medicare covered 48.7 million people.Total expenditures in 2011 were $549.1 billion. Medicare Part A (Hospital Insurance) benefits, like inpatient hospital care, skilled nursing facility care, home health care, and hospice care. 2  Medicare Program administration, like costs for paying benefits, collecting Medicare taxes, and combating fraud and abuse.