Medicare Part A

Medicare Part A

Healthcare provider with patientOriginal Medicare comprises of two main parts: Medicare Part A or hospital insurance as well as Medicare Part B or medical insurance. Medicare Part A covers Medicare inpatient care, which includes care received when staying in a nursing house, a hospital and in rare circumstances, at home. In addition to that, it also covers blood transfusions and hospice services. It does NOT, however, cover long-term care, like extended stays in a nursing home. Individuals can think about buying long-term care insurance if this is something they wish to plan for.

majority of people become eligible for Medicare Part A automatically when they reach the age of 65 if they are already collecting retirement benefits from the Social Security Administration. You may also qualify for Part A before 65 in case you have a disability, ALS, or an end-stage renal disease. You must either be an American citizen or a legal permanent US citizen for a minimum of 5 consecutive years.

Cost of Medicare Part A

A majority of beneficiaries will pay nothing for Medicare Part A. However, Medicare Part A receivers pay taxes during their working years that are particularly for their future Medicare hospital coverage during retirement. These taxes go to compensate for the cost of Part A in the long run

As a beneficiary of Medicare A, you will receive coverage for hospital costs that are important to your inpatient care, like meals, a semi-private room, medications, nursing services that are part of your treatment, and other supplies and services from the services. This includes care that was received through:

  • Critical access hospitals
  • Mental healthcare
  • Long-term care facilities
  • Acute care medical facilities
  • Participation in a qualifying clinical research study
  • Inpatient rehab facilities

The cost for a private room (unless medically required), personal care stuff such as razors, shampoo, private-duty nursing, or other extraneous charges such as TV and telephone.

 

Part A Premiums

If you purchase Part A Medicare, you will pay around $422 every month in 2018. If you paid taxes related to Medicare for less than thirty quarters, the normal Part A premium is $422. On the other hand, if you paid those taxes for 30 to 39 quarters, the normal premium for Part A will be $232. If you have contributed for 40 or more quarters during your life, then there is no cost to Medicare Part A.

In a majority of cases, if you decide to buy Part A Medicare, you are required to have Medicare Part B or medical insurance.

Get Your Free Copy of the “Ultimate Guide to Medicare” video and eBook from Florida Medicare Agency!

This book helps you learn about the different parts of the Medicare program, including Medicare Part A and Part B (together, they are often called “Original Medicare”), Part C (often called “Medicare Advantage”) and Part D (the part of Medicare that covers your prescription medications).

Sign Up For Medicare

We understand that Medicare matters can get quite complicated. It is better to get help understanding Medicare before you sign up for a plan. With our help, you will have in-depth health insurance knowledge of the benefits offered by basic and supplement plans. Call 754-205-2005 right away for your Health Insurance Quotes!

This website and its contents are for informational purposes only. Nothing on the website should ever be used as a substitute for professional medical advice. You should always consult with your medical provider regarding diagnosis or treatment for a health condition, including decisions about the correct medication for your condition, as well as prior to undertaking any specific exercise or dietary routine.

Florida Health Agency is a licensed health insurance agency certified to sell Medicare products.
Medicare has neither reviewed nor endorsed this information.

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