Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> appliances babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business weddings
CostHelper > Personal Finance  > Taxes & Financial Planning > Medicare Part A

Medicare Part A Cost


How Much Does Medicare Part A Cost?

 
low cost40+ Quarters: Freeaverage cost30-49 Quarters: $248 a Monthhigh costFewer Than 30 Quarters: $451 a Month
post E-mail post Post  

Medicare helps pay for health care for people 65 or older or the disabled, but does not cover all costs. The traditional government-run programs are Part A and Part B. For an overview of all the options, see How Much Does Medicare Cost.

Generally, Medicare Part A covers inpatient hospital expenses. However, it covers only a portion of the total costs; adding a supplemental policy creates more comprehensive coverage. See How Much Does a Medigap Plan Cost.

Typical costs:

  • If an individual or their spouse paid into Medicare as an employee for 40 or more quarters (equivalent to 10 years, in three-month increments), then the monthly premium for Medicare Part A is free for people over 65 or younger people with certain disabilities.
  • For those over 65 or disabled who paid into Medicare as an employee for only 30-39 quarters, the 2014 premium for Medicare Part A coverage is $234 monthly or $2,808 a year; with fewer than 30 quarters the monthly premium is $441, or $5,292 a year.
  • With Medicare Part A, there is a $1,846 deductible amount for the first 60 days of a hospital stay, plus coinsurance payments (paid by the individual) for stays of more than 60 days. For 2014, coinsurance rates are $296 daily for days 61-90 and $592 daily for days 91-150 (but Medicare only covers days 91-150 once per person), with no coverage after 150 days. Medicare.gov provides a coverage database[1] to search for payment rates for specific services or supplies.
Related articles: Medicare Supplemental, Medicare Part B, Medicare Advantage, Medicare

What should be included:
  • Medical Part A is the original government-run basic medical insurance that covers inpatient (overnight) services at a hospital or, in certain circumstances, at a skilled nursing facility. Medicare Part A may also cover a portion of home health care in specific situations. Medicare.gov provides an outline of the facilities and services covered[2] under Medicare Part A.
Shopping for medicare part a:
  • A Medicare packet -- with coverage information, a Medicare card and a questionnaire -- is automatically mailed to individuals three months before their 65th birthday. People who apply for Social Security retirement or survivors' benefits before age 65 do not have to submit a separate application for Medicare. The annual Medicare & You[3] handbook covers all aspects of Medicare.
  • To qualify for Medicare, an individual must be either a citizen or a permanent legal resident of the United States. Medicare.gov explains who is eligible[4] for Medicare and provides a confidential eligibility tool[5] .
  • Most people pay no premium fees for Medicare Part A (because they contributed by payroll deduction for the minimum time period), so typically they sign up for Part A as soon as they turn 65, even if they're still working or covered under a spouse's health insurance policy. Signing up for Medicare is done at Social Security offices, and often the Medicare paperwork will be filed at the same time as registering for Social Security benefits.
  • Signing up for or switching back to Medicare Part A can also be done during the annual general enrollment period, which is Jan. 1 to March 31 of each year, with coverage starting the following July 1.
post E-mail post Post  
CostHelper News


Top 7 Ways to Trim Pet Expenses
Pets, for many, are part of the family; another member that needs love, feeding and treatment, just like anyone else in the household. || Posted September 18 2013


Forgotten Expenses In a Home Addition Budget
Items like construction costs, permit fees or debris removal aren't the only expenses to consider when calculating the total costs of a home remodeling project. || Posted August 5 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments


 

Comment On Your Experience With Medicare Part A
 
Subject:  *
Amount Spent:  *
Type of Plan: Coverage Provided: 
Company:   
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.medicare.gov/coverage/your-medicare-coverage.html
  2.  /questions.medicare.gov/
  3.  www.medicare.gov/Library/PDFNavigation/PDFInterim.asp?Language=English&Type=Pub&PubID=1...
  4.  www.medicare.gov/MedicareEligibility/home.asp?dest=NAV%7CHome%7CGeneralEnrollment&versi...
  5.  www.medicare.gov/MedicareEligibility/home.asp?version=alternate&browser=Chrome%7C3%7CWi...
More Personal Finance Topics
Check Out All Costs for Personal Finance How Much Does Closing a Home Cost? How Much Does a Traffic Ticket Attorney Cost? How Much Do Funeral Flowers Cost?

Search Thousands of Topics on CostHelper.com

 
Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Ventolin/Albuterol inhaler
Paid: 67.53
If purchased at WalMart on March 24th, 2017, the co-pay would have been 67.53; if ordered from the Humana Mail Order Pharmacy, the cost would have been $50.I could not afford it... [more]
-vineyridge
Albuterol Inhaler Cost
Lizard
Paid: 150.00
The beardie was adopted for $20.00 at a local repticon. Tank was over 30 inch long, cost less than $70-80 at Petsmart during Xmas sale. Everything else were bought online from Dr. Foster, Amazon and Chewy... [more]
-Gaga
Pet Lizard Cost
My Entertainment Company Went Above & Beyond The Call Of Duty
Paid: 2100.00
All I can say is WOW. When I hired Evan Nine Entertainment, I had no idea I was going to get so much extra for my money. His company handled The DJ/MC, Photography, Uplighting, and Wedding Officiant... [more]
-Linda Grayson
Wedding DJ Cost
TTE 93306
Paid: 1208.00
Went for echo at cardiologist's office. Hadn't met deductible and my BCBS estimate online was $408 done in doctor's office. Well, the cardiology office had been acquired by Mission Hospital so they charged their rate which was ~$1980... [more]
-C. V. Wynne, M.D.
Echocardiogram Cost
Broken drain line replacment
Paid: 7600.00
After Roto-Rooter inspected the drain line which could not get passed 35 feet from the cleanout, serviceman suggested for a new cleanout to be installed near the area where the camera could not pass, this at a cost of $1,450... [more]
-#IFEELTAKEN
Sewer Line Replacement Cost
Cost should be capped
Paid: 4550.00
In August of 2014, my husband need to be transported to the helicopter pad at the hospital and we received a bill for $4,550 and when we questioned why so much no one could provide a valid answer. The helicopter pad is less than ... [more]
-dkoz
Ambulance Cost