It’s an important time for patients turning 65 years of age and becoming eligible for Medicare. The Medicare Annual Enrollment Period is almost here! That’s why we’ve written a brief explanation of the A-B-Cs of Medicare, or more appropriately, the A, B, C, and D of Medicare. Today’s blog post is the first of a five part series on the topic: Medicare Part A.
When someone refers to Medicare Part A, what he or she is referring to is the hospitalization or more accurately the inpatient hospitalization portion of your Medicare. In short, this is what covers you for hospital admissions; short term stays in a skilled nursing facility or admission to a mental health facility.
And for those hungry for detail, the version provided by Medicare reads like so:
It sounds like a lot, and it is, but you need to know that there is a deductible involved with admissions, which right now is $1184! That's per admission not per year, meaning it is possible to have to pay this fee more than once a year. Please note, it doesn't say anything about physicians that see you in the hospital. That is because physician services fall under Part B, and Part B is a whole different animal with its own rules and deductibles.
So at the end of the day, if you or your spouse has worked for 10 years and were contributing to social security you probably have already earned your Part A eligibility, as no further premiums are required.
Medicare Part B
Next: Medicare Part B