President, Home Team Insurance Services, Western Iowa
Medicare Part A, ad defined in the 2014 government handbook's "Guide to Health Insurance for People with Medicare", helps cover inpatient care in hospitals as well as skilled nursing facilities, hospice, and home health care. In a nutshell, Part A is your hospital costs, and Part B is your doctor costs.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Medicare Part A, in short, is your hospital insurance - Part B is your physician insurance. Part A provides benefits for your inpatient hospital stay, skilled nursing facility care, nursing home care, hospice care, and certain home health services.
The benefit that is the most common claim is for hospital stays. During a hospital stay, your Part A will cover certain hospital services and supplies including semi-private rooms, meals, general nursing, and medications given during your stay. Acceptable hospital stays can include critical access hospitals, inpatient rehab facilities, LTC hospitals, acute care hospitals, and mental health care - you may want to confirm with Medicare whether a certain inpatient stay would be covered by a facility that is not a traditional hospital.
You're generally responsible for about 20% of the healthcare expenses that are incurred during these visits - Medicare only covers approximately 80% of the costs. You may want to consider buying a Medicare supplement plan (a.k.a. Medigap plan) to cover the other 20%.
Medicare Part A covers an inpatient hospital stay, skilled nursing facility (rehab), hospice and some health care. Medicare pays all cost for the first 20 days in a skilled nursing facility and for days 21-100 there is a co-pay of $157.50 per day. Medicare will only let you stay in a skilled nursing facility for up to 100 days. Medicare does not cover long term care. Under Part A, Medicare has a deductible of $1,260 for an inpatient hospital stay.
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The benefit that is the most common claim is for hospital stays. During a hospital stay, your Part A will cover certain hospital services and supplies including semi-private rooms, meals, general nursing, and medications given during your stay. Acceptable hospital stays can include critical access hospitals, inpatient rehab facilities, LTC hospitals, acute care hospitals, and mental health care - you may want to confirm with Medicare whether a certain inpatient stay would be covered by a facility that is not a traditional hospital.
You're generally responsible for about 20% of the healthcare expenses that are incurred during these visits - Medicare only covers approximately 80% of the costs. You may want to consider buying a Medicare supplement plan (a.k.a. Medigap plan) to cover the other 20%.