Will My Medicare Plan Cover My Hospital Stay?
Generally, hospital stays will be covered by your medicare plan. And for most people, this hospital coverage will cost nothing.
Part A of the medicare plan generally covers inpatient care in hospitals, hospices, skilled nursing fscilities, and some home health care services. For most people, this coverage will not cost them anything.
Who Is Eligible For This Hospital Coverage?
You are automatically enrolled in Part A of the medicare plan, which means you can receive hospital coverage on the first day of the month that you turn 65, if you are already receiving Social Security benefits. If you are under 65, you are also automatically enrolled if you have been receiving Social Security disability benefits for 24 months. You are eligible and may have to sign up for the hospital coverage of the medicare plan if you are 65 or older and are still working or if you have End-Stage Renal Disease.
What Does This Hospital Coverage Cost?
If you have worked for 10 years in Medicare-covered employment, there is no cost to receive Part A of the medicare plan. Medicare-covered employment is any job you held where you paid Medicare or FICA taxes. You can also receive Part A benefits free of charge if you have been receiving Social Security disability benefits for 24 months or you have End-Stage Renal Disease.
If you are not eligible for the free-of-charge hospital coverage, you may purchase it, but you must purchase it alongside buying Part B, which covers medically-necessary services and preventive care. If you need to buy Part A, you will pay up to $450 per month. If you are not eligible to receive Part A free of charge and don't sign up for it when you are first eligible, your monthly premium may go up to 10%.