I looked at my past earnings and figured I earned $1,262,532 over my working career. I paid 1.45% in Medicare tax on that amount which comes to 18,307, my employers matched that for a total of $36,614 in taxes paid. 

The average Medicare Spending Per Enrollee in the US was $10,986 per year in 2014. Those are the most recent figures I can find. So in a little over three years I will get back everything paid in.

The standard Part B premium amount in 2017 is $134 (or higher depending on your income). However, most people who get Social Security benefits pay less than this amount ($109 on average). You have to make more than $85,000 as a single person or $170,000 as a couple before  means testing kicks in.

The taxes and premiums are not enough to cover the programs expenses. The payroll tax funds Part A (hospitalization). Parts B (doctor visits) are 74% funded through general revenue. So Medicare recipients are not paying the full cost of thier benefits. Not even close. You bet wrong.

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