How much does Medicare Part A Cost?
Medicare Part A has NO Monthly Premium (the $ amount to pay each month), as long as you or (your spouse) have either 40 credits or if you have worked & (paid into Medicare Taxes) for at least 10 years or more.
What is Medicare Part A?:
Medicare Part A is the Hospital (Inpatient) insurance coverage.
If you get hospitalized, as an inpatient in the 🏥 hospital & if the (Dr signs admission papers) to admit you into the hospital.
How much will I be Billed?
If you get admitted as an inpatient in the (Hospital, Rehabilitation Center, or a Skilled Nursing Facility) then you will be billed (as of 2023) $1600 for the Part A Deductable, (unless you have a Medigap, Supplemental Plan) from the hospital, Before Medicare Pays.
After you (or your Medigap Plan) has been Billed for the Part A Deductible, then Medicare will Cover All Costs for the 1st 60 of the Benefit Period.
In case your 🤔 wondering what the Deductable is?????
The Deductable is the amount you must pay before Medicare Pays.
What is a Benefit Period?:
The Benefit Period starts the day that you are admitted into the hospital & does not end until you have been out of the hospital for at least 60 consecutive days in a row.
Example:
If you get admitted in to the 🏥 hospital for 5 days, then your released to go 🏡 home on the 6th day.
You then go 🏡 home & are out of the 🏥 hospital for 6 weeks, then you go back to the 🏥 & are admitted for 3 weeks.
Explanation:
Your Benefit Period started when you were admitted into the hospital, since you have NOT been released or (@ 🏡 home) for at least 60 days or more, you would still be in your 1st benefit period.
Medigap (Supplemental Plan):
For those of you who have Purchased a Supplemental (Medigap Plan), you will NOT be Billed for the Part A Deductable because your Medigap plan will pay at 100%😁
All Supplemental (Medigap) Plans normally pays 100% of the Part A Deductable for you!
The amount you will be Billed after your Deductible & after Medicare pays it's portion will depend on which Medigap Supplemental Plan you have.
Where can I find what my Medigap (Supplemental) Plan Covers?:
You can find Details about your Medigap (Supplemental Plan) Covers in your (2023) Medicare & You Handbook: Page #76
Page #76 has a chart of all the Medigap plans offered. If you know the letter of the plan you have, (A, B, C, D, ect), you would find the letter of the plan look below that letter to find details about what that plan covers.
Plans C & F are NO Longer available to purchase!
Helpful Tip about Medigap Plans:
Medigap Plan "G" is the best plan to have because it pays all cost, EXCEPT (as of 2023) $226 Part B Deductible, at 100% of the cost that Medicare does NOT pay.
Explanation:
If you get Medigap Plan G, after you have been Billed up to $226 Part B Deductible, you will NOT received any Bills, for any other services, for the rest of the year!
If you get the Medigap High-Deductible Plan you will be Billed up to whatever $ amount the Deductible is before the plan starts to pay for services after Medicare has paid it's portion.
