Search thousands of topics on CostHelper

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


10 Quick and Inexpensive Home Makeover Projects To Do While At Home
You may not be able to host the large family gathering for the holidays, but there are still many ways to pick up items curbside to spruce up your indoor space for your everyday enjoyment and to bring a more festive spirit. || Posted December 30 2020


10 Key Ways to Prepare for Extreme Snow
Forecasters are predicting a true nor'easter will hit the eastern and central states with rain, thunderstorms, ice, snow and high winds over the Thanksgiving weekend. It's crucial to plan ahead, before bad weather hits. || Posted November 26 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&Pu...
  4.  www.medicare.gov/MedicareEligibility/home.asp?dest=NAV%7CHome%7CGeneralEnrollment&...
  5.  www.medicare.gov/MedicareEligibility/home.asp?version=alternate&browser=Chrome%7C3...
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
Radiologist Fee
Paid: 350.00
Any radiologist reading your mammogram will be at least $350. They have 11-13 years of training after high school before they begin work. If they are not board certified, watch out. Most are and it beats getting cancer... [more]
-Lowes Fan
Mammogram Cost
DIY Ceiling
Paid: 50.00
We bought a house with a cheap paint job. The ceilings were sprayed the same color as the walls. During COVID I painted the ceilings and a bathroom. A 120 square foot room took me about 4 hours (2 coats)... [more]
-Lowes Fan
Painting an Interior Cost
DIY vs Installed Small Deck
Paid: 3000.00
We paid $1300 for materials and $1700 for labor on a 100 square foot composite deck plus a redwood gate. It took 30 hours, done last year. My husband built a 100 sf heart redwood deck for about $1000 in materials in 2019... [more]
-Lowe's Fan
Redwood Deck Cost
Colposcopy with biopsy
Paid: 756.00
This service was wayy to expensive in my opinion. For a 20-25 minute total visit I had to pay out of pocked 756 - 187 to OBGYN, 229 to pathologist, then 340$ for facility fee or the hospital. I don't even know what that charge was for... [more]
-D S
Colposcopy Cost
Bilateral Diagnostic Mammogram and Third Mammogram
Paid: 1389.66
My 2021 bill, still in shock! Weill Cornell, in-network provider, billed my insurance $908 for a bilateral diagnostic mammogram, and $712 for a third mammogram one breast... [more]
-GinaF
Mammogram Cost
shoulder mri
Paid: 8000.00
Seriously, 8K for an MRI before all the secret insurance kicks in. I was stuck with a 1200 bill and my insurance is pretty good. This is insane for a 20 minute procedure with no nurse assistance... [more]
-stevej45
MRI Cost