Medicare Part A
There are two parts to Original Medicare. The first is Medicare Part A; this part deals with inpatient care and hospitalization.
What Does Part A Cost?
Like most people, you qualify for premium-free Part A if you or your spouse paid Medicare taxes while working. You will be automatically enrolled in premium-free Medicare Part A if:
If you don't qualify for premium-free Part A, you can buy it for either $278 or $506 each month depending on how long you or your spouse worked and paid Medicare taxes.
*Monthly Part A rates are current as of 2023.
YOU'RE OVER AGE 65 AND:
You already get or are eligible to get retirement benefits from Social Security or the Railroad Retirement Board
You or your spouse had Medicare-covered government employement.
YOU'RE UNDER AGE 65 AND:
You received Social Security or Railroad disability benefits for 24 months.
You have ESRD (End-Stage Renal Disease) and meet certain requirements.
What Does Part A Cover?
Part A Covers:
Inpatient care in a hospital
Skilled Nursing Facility
Nursing home care (that's not custodial or long-term care)
Home health care
You are responsible for the Part A deductible which is the first $1,600 of each benefit period (beginning when you enter the hospital and ending 60 days after being discharged). In addition, you may be subject to a daily co-pay depending on the length of your stay (as much as $800 per day). *Part A deductible and daily co-pay rates current as of 2023