Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business sports 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 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 Post  
CostHelper News


7 Fireplace and Wood Stove Safety Steps To Do This Week
Gathering around a wood stove or fireplace on a cold winter night can be wonderful experience, but it's crucial to not take basic safety for granted. || Posted November 12 2013


10 Quick and Inexpensive Home Makeover Projects To Do Before Holiday Guests Arrive
Having friends and family gather for the holidays is traditionally considered a heartwarming idea -- but the mere thought of it can also be heart-stopping if they're planning on staying at your place, and you realize your home is looking less than it. || Posted November 18 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
Locksmith
Paid: 95.00
I left my keys inside... [more]
-Pepi44
Locksmith Cost
Commercial and residential power washing and window cleaning
Paid: 350.00
This company is truly amazing, I've never felt so satisfied after seeing the transformation of my home. I had green grime and algae growing rampid in the front my home. Within a few hours my home along with my deck was spotless... [more]
-Emanuel 1
Window Cleaning Cost
ER visit.
Paid: 9040.00
Thought I was having a heart attack, went to ER... [more]
-Omie
EKG Cost
Tune up
Paid: 384.00
Feel ripped off.Nearly $400 for a tune up. All that was done was a spark plug replacement and fuel induction service... [more]
-Sam Wise
Tune-up Cost
dented our friendhip
Paid: 300.00
I was asked to be MOH and other bridesmaid was out of town. She agreed to be financial co-host. Offered bride shower for 12-15 people. She said she would invite 40. My small house could barely accommodate... [more]
-70s gal
Bridal Shower Cost
Pet sat 2 dogs small poodle and medium Maltese
Paid: 140.00
Friday night to Monday AM, fed both dogs a total of 6 times, administered allergy eye drops to 1 of dogs, total of 6 times and spent the night with them 2 nights... [more]
-Pet Content While You're Away
Pet Sitting Cost