Introduction to Medicare Part A
The Medicare program is a health insurance initiative created and run by the United States government. The initial legislation that created the Medicare program consisted of Part A and Part B and these two parts make up the “Original Medicare” as it is referred to today.
Part A coverage is also known as the hospital benefit plan because it covers the member’s inpatient health care needs. This includes hospital care, skilled nursing facility coverage and other various inpatient expenses.
Medicare Part A Premiums
It is interesting to note that most Americans over 65 generally do not pay any monthly premiums for Medicare Part A coverage. This is because of the Medicare taxes were included in your monthly payroll deductions, so your monthly taxes were used to finance your health insurance when you become eligible.
In some cases, however, you may find that you do not qualify for premium-free Part A coverage through Medicare. This would be true, for example, if you hadn’t worked and paid Medicare taxes for the required period. If you do not qualify for premium-free Part A Medicare coverage, you can still purchase Part A coverage under certain conditions.
Another thing to note is that you generally cannot purchase Part A coverage without Part B coverage. This means that you have to pay monthly premiums for both Part A and Part B coverage. In certain situations — for example if you are financially unable, the state may assist you with financing your Part A or Part B premiums.
What Medicare Part A Covers and Doesn’t Cover
There are various hospitalization-related services that are covered by Part A. If you need blood transfusions at any time, you generally do not have to worry about any costs since the hospital gets its blood supply at no cost from a blood bank.
If the hospital has to purchase the blood, you will have to pay the costs for the first three units you get in a year. Medicare steps in after that third pint of blood.
Nursing and home-based health care services are also covered but your care must be ordered by a doctor. In addition, the services must be provided by an agency that has been approved and certified by the Medicare program.
Part A also provides coverage for hospice care if you are certified as having a terminal condition by your doctor.
Medicare Part A program is for general coverage that assists in paying for many of your in-hospital expenses. This includes the hospital services that you receive such as a semi-private room, your inpatient medication and meals, nursing services while in hospital and other many other hospital services.
Medicare Supplement Plans Cover What Part A Doesn’t
Medicare Supplements Plans provide coverage for many expenses that are not covered by standard Part A and Part B Medicare plans.
For more information about your Medicare Advantage and Medicare Supplement options, or to speak with an agent, get a free Boomers senior health insurance quote above.