We know that understanding Medicare can be confusing. That’s why Integrity Home Care + Hospice is here to help. Understanding the two parts of Medicare is important in order to make sure you are getting the coverage you need.
When it comes to Medicare, we’re experts. In today’s blog, we want to break down the difference between Medicare Part A and Medicare Part B.
Medicare Part A is hospital insurance. It’s also sometimes called premium-free Part A. In general, Part A covers home health care, skilled nursing facility care, short-term nursing home care, hospice care, and inpatient care in a hospital.
Yes. If you don’t qualify for Medicare Part A, you can pay for the coverage. In 2022, Part A premiums cost between $274 and $499. However, if you choose to purchase Part A, you most likely will be required to purchase Medicare Part B.
Medicare Part B is medical insurance. It covers medically necessary services and preventative services. Examples of services Part B covers include doctor visits, screenings, yearly wellness checks, outpatient care, home health care, and the cost of durable medical equipment.
If you qualify for Medicare Part A, then you’ll automatically qualify for Part B.
Did you know that there is a financial penalty if you are eligible for Part B and don’t sign up for it? That’s right. For each year you fail to sign up for Part B, you’ll pay an extra 10% for each year you were eligible and failed to sign up. And it’s not a one-time fee. So make sure to sign up for Part B when you’re eligible.
Integrity Home Care + Hospice Is a Medicare Expert
If you need hospice, home health care, or home care and have questions about Medicare, give us a call. We can help you sign up for Medicare and make sure you get the care you need. We’re only a click or phone call away.