Medicare Part A is your hospital insurance. If a doctor ever admits you into the hospital, Part A covers these costs for you. Most people are automatically enrolled in Part A when they get Original Medicare.
Medicare Part A covers services such as:
- Inpatient hospital care
- Inpatient rehabilitation care
- Long-term care hospitals
- Skilled nursing centers
- Hospice care
- Home health care services
Medicare Part A Cost
Most people do not have to pay a monthly premium for Medicare Part A. When you work before retirement, you pay Medicare taxes while employed. These taxes essentially “pay” for your Part A costs.
There is, however, a yearly deductible you must hit before Medicare covers any costs. The Part A yearly deductible is $1,340 in 2018.
When a patient meets the yearly deductible, Medicare will then cover all hospital costs for the first 60 days of a hospital stay. After the first 60 days, the patient will have to take on more of these costs. Patients have to pay $329 in coinsurance per day from hospital stay days 61 to day 90. After day 91, patients pay $658 in coinsurance per day for up to 60 days.
Medicare Part A Eligibility
To qualify for a premium-free Medicare Part A, you must be:
- 65 or older
- Eligible to receive monthly Social Security or Rail Road Retirement benefits
Members receiving Social Security benefits will be automatically enrolled in Original Medicare. Three months before your 65th birthday (or on the 25th month of disability), you will get your Medicare card in the mail.
If you are still working or for some other reason are not receiving Social Security benefits when you turn 65, you will need to actively sign up for Part A. You can do so by going to the Medicare.gov website.