Medicare Part A – Hospital Insurance 

Medicare Part A Eligibility

Medicare, itself, is designed to help senior citizens aged 65 or older and those individuals 65 and under that are disabled and meet certain requirements. People that are in kidney failure or need a kidney transplant are also eligible.  There are several different parts to Medicare including Parts A, B, C, and D.  Part A helps to cover cost associated with inpatient types of care.

What is Medicare Part A

Hospital Insurance Coverage or Part A of Medicare covers costs associated with a hospital stay, critical/emergency room admission, hospice and long term care hospitals. It also covers stays in a skilled nursing facility; however, this does not include custodial or long term care facilities.

Part A also covers items such as blood work, when performed in a hospital, skilled nursing facilities and rehabilitation centers. This is especially helpful for those that may have been injured, or have had a major surgery and requires rehab therapy to get back on their feet and start to move forward into their recovery.

Medicare Part A Deductibles

Deductible:  In 2022 Medicare will pay for all charges for the first 60 days of hospital confinement except the first $1556. This is the Part A deductible amount that you must pay, or if you have some form of Medicare supplement it may pay it for you.

Medicare Part A Coinsurance 2022

• You will be responsible for paying $389 for each day of hospitalization that last longer than 61 days but less than 90 days.
• You will be responsible for paying for paying $778 for each day of hospitalization that last longer than 91 days but less than 150 days.  This 60 day period is referred to as your lifetime reserve days.  It only applies to each benefit period.  The benefit period begins on the first day of hospital or skilled nursing confinement and ends when you have been out of the facility for a period of sixty consecutive days.
• After 151 days of hospital confinement you will be responsible for all hospital charges.

Medicare Part A covers hospital bills during the first 60 days quite nicely.  The most that you would be responsible for is the deductible of $1556. But any hospital stay beyond 60 days could be financially devastating.  For hospital stays between 61 and 90 days you would be responsible for $389.00 per day copay,and days 91 to 150 you would be responsible for $682.00 per day copay.

Florida Medicare Supplement Insurance

The first step in making sure that the gaps in Medicare are filled is a good understanding of what is available to you.  There are basically three ways to accomplish this.

• Florida Medicare supplement insurance policy
• Medicare Part C – Medicare Advantage in Florida  In most cases no monthly premium required
• Personal savings