Part A Medicare Insurance

What is Part A?

Medicare Part A is insurance coverage provided to eligible beneficiaries for hospital, skilled nursing, hospice, and home health care.

​​Who Can Receive Part A?

Individuals 65 or older who meet citizenship and residency requirements, individuals under 65 on disability for 25 months, or individuals with End-Stage Renal Disease are eligible for Medicare part A.​​​

How Much Does Part A Cost? (2021)

For the majority of medicare recipients, Part A has no premium; If an individual has established 40 quarters of employment over a period of ten years, while contributing to the Medicare tax, the premium is waived. If an individual only contributes to Medicare Taxes for 30-39 quarters, they may purchase Part A for $259 each month. If an individual contributed towards Medicare Taxes for less than 30 quarters, they may purchase Part A for $471 each month.​​​​

What other costs are associated with Part A? (2021)

Medicare Part A does involve out of pocket costs. The Part A deductible is $1,408 per benefit period, which is defined as 60 days since your last admittance as an inpatient. Once met, the daily copay during the first 60 days is $0. After the 60th day, the daily copay is $352. After the 90th day, the daily copay is $704 until the 60 reserve days are exhausted. After this, all remaining costs fall to the beneficiary. Medicare Supplement plans can help cover each of these costs.​

Note: Staying overnight in a hospital doesn’t always mean you’re an inpatient, therefore you may not be covered. You’re considered an inpatient the day a doctor formally admits you to a hospital with a doctor’s order. Being an inpatient or an outpatient affects your out-of-pocket costs. Always ask if you’re an inpatient or an outpatient.