Medicare Part A & Part B
We Specialize in Medicare
Medicare Part A Hospital Coverage
When you apply for Medicare, you will automatically be enrolled in Part A. It covers hospital stays, hospice care and some skilled nursing care that you may need after being hospitalized for a stroke, a broken hip or other episodes that require rehabilitation in a nursing home or other facility so you can get back on your feet.
Most people don’t have to pay a premium for Part A. You’ve already paid into the system in the form of the Medicare tax deductions on your paycheck.
However, Part A isn’t totally free.
Medicare Part A has a deductible of $1,632 in 2024 per benefit period. Benefit period ends 60 days after release from care.
Medicare pays for virtually all hospital services for the first 60 days you’re in the hospital. There are some exceptions — it won’t pay for a private room, for example.
If you are a U.S. citizen or permanent resident and have not worked long enough to qualify for Medicare, you may be able to buy into the program by paying a Part A premium.
Now Let's Talk About Medicare Part B
Doctors & Outpatient Services
-
This part of Medicare covers doctor visits, lab tests, diagnostic screenings, medical equipment, ambulance transportation and other outpatient services.
-
Unlike Part A, Part B involves more costs, and you may want to defer signing up for Part B if you are still working and have insurance through your job or are covered by your spouse’s health plan.
-
The federal government sets the Part B monthly premium, the standard premium for 2024 is $174.70. It may be higher if your income was greater than $103,000 for individuals or $206,000 for joint returns in 2023. And you’ll have to pay 20 percent of the bills, after a $240.00 yearly deductible, for doctor visits and other outpatient services. If you are collecting Social Security, the monthly premium can be deducted from your monthly Social Security benefit.
