How Much Does Part A Cost?
It depends on how long you paid Medicare taxes while working, and it's based on quarters worked (a quarter is every 3 months of work).
- $0 if you worked and paid Medicare taxes for 40 quarters
- $278 if you worked and paid Medicare taxes for 30 - 39 quarters
- $506 if you worked and paid Medicare taxes less than 30 quarters
Part A Medicare is sometimes referred to as "Hospital Coverage"
What Does Medicare Part A Cover?
- Inpatient care in a hospital
- Skilled Nursing Facility care
- Home Health care
- Hospice Care
Medicare Part A Benefits and Costs
What is the Annual Deductible for Medicare Part A?
The Medicare Part A Deductible is currently $1,600 per benefit period
The benefit periods start the day you are admitted into a hospital and end 60 days after you haven't received inpatient hospital care or 60 days in a row
You could have more than one benefit period in a year meaning you may have to pay the deductible more than once per year.
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Avoid Late Enrollment Penalties
If you do not properly enroll in Medicare Part A when you are supposed to enroll then you may incur a financial penalty.
Make sure you properly enroll at the appropriate time to avoid any financial penalties.