What is Medicare Part A and What Does it Cover? TopicsPopular TopicsMost Recent Medicare Working Past 65 Lifestyle & Wellness Considering Retirement Existing Clients What Does Part A Cover? Medicare Part A is sometimes referred to as “hospital insurance.” In general, Medicare Part A covers hospital care, skilled nursing facility care, nursing home care (as long as custodial care isn’t the only care you need), hospice, and home health services. How Much Does Part A Cost? 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 (40 quarters). If you do not qualify for premium-free Part A, the monthly premium in 2020 is $458. You can find more details about the Part A premium here. There are additional costs you can expect to pay for various types of care, like if you go into the hospital or require skilled nursing. Here are the details: $1,408 deductible for each benefit period Days 1-60: $0 coinsurance for each benefit period Days 61-90: $352 coinsurance per day of each benefit period Days 91 and beyond: $704 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime) Beyond lifetime reserve days: all costs Expert tip: If you are planning to work beyond age 65, there are important things you need to know about Part A, like how it could impact your Health Savings Account if you have one. Be sure you are aware of these things before making any decisions or changes. Our advisors are here to help. Reach out to speak with us at 1-866-600-5638 today! Stay informed about Medicare An easy way to stay updated on Medicare and any important changes is to sign up for the free, customizable RetireMEDiQ newsletter. Based on your personal preferences and interests, helpful articles and community-related content will be sent directly to your inbox. Sign up for our newsletter Yes! Tell me more about Medicare and help me explore my options.Name First Email* Date of BirthMonth123456789101112Day12345678910111213141516171819202122232425262728293031Year202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Phone*By entering your information, you are authorizing RetireMEDiQ to communicate with you directly regarding Medicare news and health care coverage.vidhiddenNameThis field is for validation purposes and should be left unchanged.