What is the difference between Part A and Part B? Summary: When you are eligible for Medicare, it is usually Parts A and B of Medicare that you register for the first time. Parts A and B of the Medicare plan are the original Medicare plan. Part A of Medicare usually helps pay your expenses as an in-patient patient. Part B of Medicare can help pay for medical visits, preventive services, laboratory tests, medical equipment and supplies, and more.
What is Medicare Part A?
Part A of Medicare is hospital insurance. Part A generally covers hospital stays, skilled nursing, hospital care and limited home health care services. As a rule, you pay a deductible and co-insurance and/or co-countries.
Read More: Medicare Advantage Part D
Do you have to pay a Part A premium?
Many people do not pay a monthly premium for Part A. Medicare. For example, if you worked at least ten years (40 quarters) while paying taxes, you do not pay a Part A premium. If you worked for less than 30 quarters, you usually pay $471 per month in 2021. If you have worked more than 30 but less than 40 quarters, your premium is $259 per month in 2021.
What is Medicare Part B?
Part B of health insurance is health insurance. It generally covers services and elements such as:
Under Part B, in most cases, you will pay 20% of the Medicare approved amount for each item or service. A deductible may also apply.
Do you have to pay a Part B premium?
The Part B premium may be the “standard” amount, or $148.50 in 2021. If your income exceeds a certain amount (based on your income tax returns two years ago), you can pay a higher Part B contribution.
Read More: Medicare Advantage (Part C)
Can you ever get both Part A and Part B coverage at the same time?
When hospitalized in a hospital, you can get coverage of parts A and B at the same time. For example, although Part A usually covers medically necessary surgical procedures and certain hospital expenses, Part B may cover medical visits while you are hospitalized. Did you know that there is another way to get your protection under Parts A and B? A Medicare Advantage diet offers these benefits, and often more. Most Advantage Medicare plans include drug coverage Learn more about Advantage Medicare plans. You must pay the Medicare Part B premium when you have a Medicare Advantage plan, as well as any premium that the plan may collect. This information is not a complete description of the benefits. Contact the plan for more information. Limitations, co-payments and restrictions may apply. Benefits, premiums and/or copayments/coinsurance may change on January 1 of each year.
