How much does Part A coverage cost?
You usually don’t pay a monthly premium for Part A coverage if you or your spouse paid Medicare taxes while working for a certain amount of time. This is sometimes called premium-free Part A. If you aren’t eligible for premium-free Part A, you may be able to buy Part A. In most cases, if you choose to buy Part A, you must also have Part B and pay monthly premiums for both. If you choose NOT to buy Part A, you can still buy Part B. People who must buy Part A will pay up to $458 each month in 2020.
How much does Part A Pay?
Hospitalization: Semi-private room and board, general nursing and miscellaneous services and supplies
- First 60 Days 100% covered after $1,408 Deductible
- 61st – 90th Day $352 per day
- Days 91 and beyond: $704 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime)
- Beyond lifetime reserve days: all costs
Skilled Nursing Facility Care: Requires 3-day Hospital Stay
- First 20 Days 100% Covered
- 21st – 100th Day $176 per day
- 101st Day and Above Not Covered
Home Health Care
- Medicare Approved Services 100% Covered
- Only for Medically necessary skilled care services and medical supplies (not Long-Term Care needs).
For more information, go to this webpage: www.medicare.gov/your-medicare-costs/medicare-costs-at-a-glance.
What’s the Part A late enrollment penalty?
If you aren’t eligible for premium-free Part A, and you don’t buy it when you’re first eligible, your monthly premium may go up 10%. You’ll have to pay the higher premium for twice the number of years you could’ve had Part A but didn’t sign up. So, for example, if you were eligible for Part A for 2 years but didn’t sign up, you’ll have to pay a 10% higher premium for 4 years.