Quickhealthinsurance.com
Quickhealthinsurance.com

What are Medicare Parts A and B?

Medicare is broken into different parts, with each part covering specific kinds of services. The most basic types of Medicare are Parts A and B, also known as Original Medicare. Many of the costs associated with Original Medicare can be mitigated by purchasing a Medicare Supplement Insurance (also known as Medigap) policy in addition to one’s Original Medicare coverage.

Medicare Part A

Medicare Part A is hospital insurance, which covers inpatient hospital stays, care in skilled nursing facilities, hospice care, and some in-home health care. Most people will not owe any premiums for Medicare Part A. Whether or not you owe anything for Part A will depend on whether you’ve worked under Medicare-covered employment and, if so, how long this employment lasted. If you worked for at least 10 years under such employment, you will not owe any premiums on Medicare Part A. If you worked for less than 10 years, you can still apply for Part A and pay a monthly premium for the coverage, with the size of the premium varying based on the amount of qualified work you have completed. Note that there are deductibles which must be met for Part A before Medicare will start to pay its share of your medical costs. Once these deductibles have been met, enrollees can expect to pay about 20% of the Medicare-approved amount for most covered services and supplies. You may also have to pay coinsurance or copayments. There are no out-of-pocket spending limits for this type of Medicare coverage.

Medicare Part B

Medicare Part B is medical insurance, which covers outpatient care, medical supplies, preventive services, and certain doctor’s services. The premium for Medicare Part B is $134 per month for most people, though those with income above a certain threshold will have to pay more. If you are already receiving Social Security or similar benefits when you enroll in Medicare Part B, the cost of your Part B premiums will be automatically deducted from your benefit payment. Note that there are deductibles which must be met for Part B before Medicare will start to pay its share of your medical costs. Once these deductibles have been met, enrollees can expect to pay about 20% of the Medicare-approved amount for most covered services and supplies. You may also have to pay coinsurance or copayments. There are no out-of-pocket spending limits for this type of Medicare coverage.

Next

Who qualifies for Medicare Parts A and B?

Find Local Doctors & Most Popular Plans
Secure Form
Over 14 Years of Integrity BBB Rating A+ SSL - QuickHealthInsurance.com
Find Local Doctors & Most Popular Plans
Over 14 Years of Integrity BBB Rating A+ SSL - QuickHealthInsurance.com
Medicare Supplements ebook
PLUS, Receive 2 FREE Books -
Medicare Supp. & Preventing Dementia

Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

Find Local Doctors & Most Popular Plans
Over 14 Years of Integrity BBB Rating A+ SSL - QuickHealthInsurance.com

Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

Medicare Supplements ebook
PLUS, Receive 2 FREE Books -
Long Term Care Insurance & Preventing Dementia