Medicare Part A is The Hospital Coverage Part of Medicare
Medicare Part A was born under the Social Security Act signed by President Lyndon Baines Johnson in 1965. Even though Medicare was created under Social Security, the actual program is run by the Centers for Medicare and Medicaid Services, which are part of the Department of Health and Human Services.
People become eligible for Medicare Part A by paying into the Medicare system through payroll taxes for a required period of time.
Generally speaking, an individual that has paid into Medicare for 10 years has earned enough credits to qualify to receive Medicare Part A benefits. It’s no coincidence that 10 years is also the usual amount of time required to qualify for Social Security. Therefore, people who qualify for Social Security, including those who qualify as a spouse, typically qualify for Medicare Part A too.
People with certain disabilities, or with specific diseases may also qualify for Medicare Part A coverage regardless of their age and work history.
And for those that do not qualify for Medicare Part A, they are offered an option to buy into the program for as much as $400+ per month.
But is Medicare Part A enough coverage to adequately cover a prolonged hospital stay and protect your assets? Chances are, it isn’t and talking to an independent Medicare Supplement insurance agent to discuss your options could prove to be a wise financial decision.
For more information on how Florida Medicare Supplement Insurance can help with your health & Medicare insurance needs, call Neil Primack (561) 935-3907 or email him at: firstname.lastname@example.org.