Your Medicare Toolbox

To Help You Get the Most Out of Medicare

2023 Part A Premiums:

Medicare Part A covers inpatient hospital care. Most people do not have a premium for Part A if they or a spouse have paid into Medicare taxes for a certain amount of time. If you do not qualify for premium-free Part A, you can buy Part A.

People who buy Part A will pay a premium of either $278 or $506 each month in 2023 depending on how long they or their spouse worked and paid Medicare taxes. If you choose NOT to buy Part A, you can still buy Part B.

There are deductibles and coinsurance associated with each use of Medicare Part A during a Benefit Period. A Benefit Period begins the day you're admitted as an inpatient in a hospital or skilled nursing facility and ends when you haven't gotten any inpatient hospital or skilled nursing care for 60 days in a row. If you go into a hospital or a skilled nursing facility after one benefit period has ended, a new benefit period begins. You must pay the inpatient hospital deductible for each benefit period. There's no limit to the number of benefit periods.

Part A associated fees include:

Inpatient Hospital Stay

  • $1,600 deductible for each benefit period.

  • For Days 1–60 there is a $0 coinsurance for each benefit period.

  • For Days 61–90 you pay a $400 coinsurance per day of each benefit period.

  • For Days 91-150, you pay a $800 coinsurance per day (this includes using 60 "lifetime reserve days").

  • You are responsible for all costs after you have used up your lifetime reserve days.

Skilled Nursing Facility Stay

  • Days 1-20: $0 copayment.

  • Days 21-100: $200 copayment each day.

  • Days 101 and beyond: You pay all costs.

Home Health Care

  • You will be responsible for 20% of the Medicare-approved costs of Durable Medical Equipment (DME), including items such as wheelchairs, walkers, and other assistive devices.

  • $0 copay for covered home health care services.

Hospice Care

  • $0 copay for covered hospice services. You may also pay:

  • A copayment of up to $5 for each prescription drug administered at home.

  • 5% of the Medicare-approved amount for inpatient respite care.

Since Medicare Part A does not cover everything, most people will add on additional coverage to help offset their out-of-pocket expenses like a Medicare Advantage Plan (Part C) or a Medicare Supplement Plan (Medigap).

Become an AMAC Member

Don't miss out on all the benefits of AMAC membership.