What Is Medicare Part A & What Does it Cover?

Medicare has four total parts: A, B, C, and D. Medicare Part A is one portion of Original Medicare, health coverage for seniors that includes Parts A and B. Here, our local advisors break down the basics of what Medicare Part A covers and how much it can cost.

If you have questions as you read, we encourage you to contact our advisors for Medicare advice near you.

What Services Does Part A Cover?

Medicare Part A is also called “hospital insurance.” In general, Medicare Part A covers hospital stays, skilled nursing care, nursing home care, hospice, and home health services.

How Much Will I Pay for Medicare Part A?

Varying Monthly Premium

Part A includes a monthly premium; however, most people do not have to pay this. You can get “premium-free” Part A if you or your spouse paid Medicare taxes while working for at least 10 years. For most Americans, this is the case.

However, if you do not qualify for premium-free Part A, the monthly premium in 2021 can be up to $471. You can find more details about the Part A premium here.

Costs for Covered Services

You can expect to pay additional costs for your share of covered services, such as a hospital stay or skilled nursing care. The amount you pay typically depends on the number of days you been in the hospital and/or receiving skilled care.

Out-of-Pocket Costs (Per Benefit Period)

  • Deductible: $1,484
  • Days 1-60: $0 coinsurance per day
  • Days 61-90: $371 coinsurance per day
  • Days 91+: $742 coinsurance per each “lifetime reserve day” (up to 60 days over your lifetime)
  • Beyond lifetime reserve days: all costs

Keep in mind, these are your costs if your only coverage is Original Medicare (Medicare Parts A and B). If you enroll in a Medicare Advantage or Supplement plan, your out-of-pocket costs for hospital insurance will change. Our advisors can help you compare your options and enroll in the right coverage for your needs at no cost!

Personalized Medicare Advice Near You

If you live in Ohio, Kentucky, or Indiana, our advisors in Medicare are available to help you with your health coverage. We offer guidance on your unique situation and can help you enroll in the right plan at the right time. To get started, call us at 1-866-600-5638 or click here to schedule a call.

If you are a client of RetireMEDiQ and have questions about the costs or covered services with your plan, you can call your client advisor team at 1-877-222-1942.

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