(Original Medicare – Hospital Insurance)4
Premiums for Medicare Part A, which pays for hospital care, are free for most people who’ve worked (and their spouses). It typically covers in-patient care at a hospital, as well as short skilled nursing facility and/or hospice stays. Part A also usually covers services like lab tests, surgery, doctor visits, and home health care related to hospital stay. (Not all stays are covered; it is important to check beforehand.) For people who are frequently admitted to the hospital, the out-of-pocket costs can quickly skyrocket.
Part A has a $1,556 deductible for each “benefit period,” or health care incident requiring hospitalization in 2022 ($1,600 in 2023). It’s important to remember that Part A is designed for inpatient care up to 60 days, and in addition to your deductible, longer stays carry high coinsurance charges with no annual or lifetime maximums
Here are the coinsurance charges you can expect to pay for longer hospital stays in 2022:
- Days 1-60: $0 coinsurance for each benefit period
- Days 61-90: $389 coinsurance per day of each benefit period ($400 in 2023)
- Days 91 and beyond: $778 coinsurance per each “lifetime reserve day” (you have a total of 60 “lifetime reserve days”
that can be used toward the same or different hospital stays.) ($800 in 2023).
- Beyond lifetime reserve days: You pay all costs.