Medicare is often looked at as a final catch all for medical bills the truth is much different. Here’s a look what is not covered by medicare part A.
Medicare recipients are often lulled into a false sense of security. The bills that are covered work for many of the more topical, or temporary and maintenance type of medical problems. When a major medical event hits, it can put people that have not planned ahead into some serious financial distress. Preparing for this situation starts with knowing what is not covered and what you need to get as a medicare supplement.
Medicare, from its inception was never meant to be a major medical insurance. It was meant to cover short term and maintenance needs of individuals. It has changed over the years, but the character of the program is still in place. For extended hospital stays, medicare part a does pay up to 60 days, but you will be responsible for up to $1156.00 of deductible. If you have more than one short term stay, you will have to pay a deductible each time.
From 61 to 90 the portion paid by the insured jumps up to $289.00 beyond that you are responsible for all expenses. There are lifetime reserve days that have to be filed for separately that will still leave you owing $578 daily of “coinsurance pay” meaning they expect you to get the money from other sources.
If you need a specialist that charges more than your medicare base rate will pay, you will be responsible for the difference. Though medicare part a does pay for some of the services provided by in home care, they do not pay for the nurses or visits themselves.