What is Medicare Part A?

What’s covered:

• Inpatient care in a hospital
• Care at a skilled nursing facility (SNF) after a hospital stay
• Some home health care and hospice care services

Some important information about Medicare Part A:

• Original Medicare only covers about 80% of your eligible Part A expenses.
• Part A doesn’t include prescription drug coverage
• You are responsible for paying the costs not covered by Original Medicare

Cost considerations with Medicare Part A:

• You are responsible for 20% of the costs Medicare Part A does not cover.
• Many Medicare beneficiaries enroll in an employer-sponsored plan that covers more out-of-pocket costs to cover the 20%.
• Medicare Supplement Insurance is another option to help cover what original Medical does not.

Tips for getting the most out of Medicare Part A:

• Most people do not pay a premium for Medicare Part A. Because of this, you should consider enrolling in Medicare Part A when you turn 65, even if you plan to keep working.
• Before you enroll in Part A, it’s a good idea to find out if your workplace offers a Medicare plan for retirees first.
• Don’t make the mistake of thinking 20% of costs is not a lot. Your responsible portion for any high-cost treatment and procedure can add up. Consider your options for covering those costs, such as Medicare Supplement Insurance.