Medicare Part A (Hospital Insurance)
What Does Medicare Part A Cover?
Part A helps cover inpatient hospital stays, home health care, skilled nursing facility and hospice care.
How Much is Medicare Part A?
As long as you have worked in the US for 10 years (40 quarters), you generally get Part A for free. However, If you have not worked the full 40 quarters, then you will have a monthly premium to pay.
Most people don’t pay a Part A premium, as long as they paid Medicare taxes while working. However, if you do have to pay for Part A, you could pay up to $506 each month.
Also, if you don’t get Part A when you’re first eligible for Medicare, usually when turning 65, you might occur a penalty.
When Can I Enroll in Medicare Part A?
If you are already receiving Social Security Benefits, then you will be enrolled automatically and your Medicare will start the first day of the first month you turn 65.
If you are not yet getting Social Security benefits, you need to enroll in Medicare.