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July 2018 Archives

One More Thing to Worry About in Retirement: the Solvency of Medicare's Hospital Insurance Trust Fund [Medicare Part A]

On June 5, 2018, Medicare's Board of Trustees issued its annual report on the state of its two trust funds: the Hospital Insurance Trust Fund (Hospital Fund) and the Supplementary Medical Insurance Trust Fund (Supplementary Fund). The Hospital Fund, known as Medicare Part A, helps pay for hospital stays, home health services following a hospital stay, care in a skilled nursing facility, and hospice care the aged and disabled. The Hospital Fund is financed by taxes on workers' earnings. Thus, the solvency of the Hospital Fund is largely dependent on workers' earnings.