Medicare Part A Premium and Benefits for 2023
- Part A covers:
- Inpatient care in a hospital
- Skilled nursing facility care
- Nursing home care (inpatient care in a skilled nursing facility that’s not custodial or long-term care)
- Hospice care
- Home health care
YOUR MONTHLY PREMIUM
Time Worked **
For 10 or more years
Your premium is $0
Between 7.5 and 10 years
Your premium is $274 Per month
Fewer Than 7.5 years
Your Premium is $508 Per Month
Medicare Part A Premium and Benefits for 2022
HOSPITALIZATION DAYS
1-60 Days
MEDICARE COVERS
Most confinement costs after the required Medicare deductible
YOU PAY
$1,600 deductible for each benefit period
HOSPITALIZATION DAYS
61-90 Days
MEDICARE COVERS
All eligible expenses after patient pays a per-day co-payment
YOU PAY
$400 coinsurance per day of each benefit period
HOSPITALIZATION DAYS
91-150 Days
MEDICARE COVERS
Coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime)
YOU PAY
$800 coinsurance per each day of benefit
HOSPITALIZATION DAYS
151 Days
MEDICARE COVERS
NOTHING
YOU PAY
You pay all costs
HOSPITALIZATION DAYS
SKILLED NURSING CONFINEMENT: FOLLOWING AN INPATIENT HOSPITAL STAY OF AT LEAST 3 DAYS & ENTER A MEDICARE-APPROVED SKILLED NURSING FACILITY WITHIN 30 DAYS AFTER HOSPITAL DISCHARGED and RECEIVE SKILLED NURSING CARE.
MEDICARE COVERS
All eligible expenses for first 20 days: then all eligible expenses for days 20-100 after patient pays a per day copayment.
YOU PAY
After 20 days $200 a day co-payment
When you’re first eligible for Medicare, you have a 7-month Initial Enrollment Period to sign up for Part A and/or Part B.
If you’re eligible for Medicare when you turn 65, you can sign up during the 7-month period that:
- Begins 3 months before the month you turn 65
- Includes the month you turn 65
- Ends 3 months after the month you turn 65
You should ask your Human Resources department if you should sign up for Part A. If you’re eligible for premium-free Part A, you can enroll in Part A anytime after you’re first eligible for Medicare, if you did not when you turned 65.
You also have an 8-month Special Enrollment Period to sign up for Part A and/or Part B that starts at one of these times (whichever happens first):
Note: Must be creditable health insurance.
- The month after the employment ends
- The month after group health plan insurance based on current employment ends.
If you are receiving Social Security they will automatically sign you up for both Part A and B at age 65.
You automatically get Part A and Part B after you get one of these:
- Disability benefits from Social Security for 24 months
- Certain disability benefits from the RRB for 24 months
You can apply online by copying and pasting:
https://secure.ssa.gov/iClaim/rib
Or call Social Security at: 800-772-1213
If you are drawing your Social Security, you should receive your Medicare card 3 months before your 65th birthday. If you are not receiving Social Security, you need to apply for Medicare.
