What Is Medicare Tax?
Medicare tax is a federal employment tax that funds Medicare Part A, which provides hospital insurance coverage for people 65 and older and those with certain disabilities. This tax helps pay for hospitalizations, hospice care, skilled nursing facility care, and some home healthcare services. The current Medicare tax rate is 2.9% of wages, split equally […]
Nursing Home Beds Are Becoming More Scarce
The San Vicente de Paúl Nursing Home in the South Bronx hasn’t admitted a patient since December 2024. ArchCare, which operates the facility, has reduced its capacity from 120 available beds to 53 and plans to shrink it further. Another ArchCare nursing home, on Staten Island, has shut down a full floor. North of the […]