• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer
515-218-8022
  • Facebook
  • LinkedIn
Senior Savings Services

Senior Savings Services

Health Insurance Simplified.

  • STARTING MEDICARE
    • Medicare Part A & Part B
    • Part C Medicare Advantage
    • Part D Prescription Drug Plan
    • Medicare Supplement
  • INDIVIDUAL & FAMILY
  • ABOUT
    • Articles
    • Companies & Certifications
    • Client Reviews
    • Contact

Get a Quote

Medicare Part A & Part B

Original Medicare contains Part A and Part B. Below is what you would be responsible for if you had only Part A & Part B.

Part A is Hospital Insurance

Part A is designed to cover costs associated with inpatient Medical treatment including hospital inpatient care, care at a skilled nursing facility, hospice, and home health care.

Inpatient Hospital Deductible for 2023

  • $1,600 deductible for each benefit period (60 day benefit period)
  • Days 1 – 60 = $0 copay after deductible
  • Days 61 – 90 = $400 copay per day
  • Days 91 and beyond = $800 copay per each “lifetime reserve day” after 90 each benefit period
    • There are up to 60 lifetime reserve days in your lifetime.

Skilled Nursing Facility for 2023

  • Days 1 – 20 = $0 copay
  • Days 21 – 100 = $200 copay per day
    • Note: Medicare only pays for a Skilled Nursing Facility if you have had experienced an inpatient hospitalization stay for at least 3 consecutive days prior.
  • After day 100 you are responsible for all charges

Hospice Care for 2023 has $0 copay

Home Health Care for 2023 has $0 copay

  • Note: Medicare does not cover 24 hour care at home or custodial care, which is help with activities of daily living.

Is there a cost to have Part A?

No charge to simply carry Part A if you paid into Medicare or married to someone who has paid Medicare taxes while working.

Part B is Medical Insurance

Part B is designed to help cover costs of outpatient medical services. There are many services covered by Part B. Below are common items.

Part B covered services include (but not limited to):

  • Doctor office visits
  • Outpatient surgeries
  • Outpatient therapy (physical therapy, occupational therapy, and more)
  • Durable medical equipment

Annual Deductible for 2023 = $226

Medical & Other Services you pay 20% of the Medicare-approved amount.

Premiums for Part B:

In 2023, the base premium to carry Part B is $164.90 monthly per individual.

  • Depending on your income limit, there may be assistance available to help pay the Part B premium.
  • You may pay more due to what is known as the income-related monthly adjustment amount (IRMAA). Your IRMAA surcharge is based on your modified adjusted gross income reported on your federal tax return from two years ago. See chart below.
    • If you have a qualifying life changing event and your income is currently lower than the reporting from 2 years ago, you can appeal the surcharge.

Is there a maximum out-of-pocket limit with Original Medicare?

There is no limit to how much medical bills can add to over a calendar year with Original Medicare- it is smart to choose a Medicare Supplement or a Medicare Advantage Plan.

Two Paths to Receiving Coverage

Primary Sidebar

Products

  • Part C Medicare Advantage
  • Part D Prescription Drug Plan
  • Medicare Supplement
  • Individual & Family
  • Hospital Indemnity
  • Dental & Vision
  • Life Insurance

Proudly based in Urbandale, IA

Services provided all over the United States

Footer

8515 Douglas Ave Suite 27-A

Urbandale, IA 50322

  • Facebook
  • LinkedIn
515-218-8022
info@srsavings.com

Not connected with or endorsed by the United States Government or the federal Medicare program. Medicare has neither reviewed nor endorsed this information.

I do not offer every plan available in your area. Any information I provide is limited to those plans I do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.

© 2023 Senior Savings Services.