Every Friday, we take a moment to pause and observe “Red Friday”—an acronym for Remember Everyone Deployed. It is our way of honoring those who continue to serve in uniform and sacrifice for our country.
At Medicare Mentors, we are equally committed to serving those who have served us, which is why we want to ensure you have the best information regarding your healthcare coverage. This week, we looked at the foundation of your Medicare benefits: Part A.
Often referred to as “hospital insurance,” Part A covers the “big stuff,” including inpatient hospital stays, meals, nursing care, and medications during your stay, as well as skilled nursing facilities and hospice care.
Key Takeaways:
- Premiums: Most individuals do not pay a monthly premium for Part A if they or their spouse paid Medicare taxes for at least 10 years while working.
- Deductibles: Part A is not free of costs. There is a deductible of $1,736 for hospital stays, which resets every 60 days if you are readmitted.
- The Big Picture: While Part A provides critical coverage, it is important to remember that Original Medicare might not cover everything. Healthcare planning is just as important as honoring our past; let us help you navigate these costs so you can plan appropriately and move forward with confidence.
Join us next week as we dive into Part B and continue your journey toward a well-rounded insurance plan.