Q & A

What is meant by Medicare “Part A” and “Part B?”

Answer: Medicare Part A is generally hospital insurance coverage. Medicare does not charge a monthly premium to most persons for Part A. During 2014, Part A co-pay per hospital stay will be $1,184 but Medicare Supplemental Plans F and G will pay this for you.
Medicare Part B is referred to as “outpatient insurance.” Medicare Part B in 2014 costs most persons $104.90 per month, payable to Social Security.  Part B sometimes can cost more than $104.90 per month if household income is greater than $170,000 annually if a married couple or greater than $85,000 annually if single.
Medicare Part B covers physician services; outpatient hospital; emergency room; diagnostic tests; physical therapy; durable medical equipment and much more.

For 2014, Medicare Part B asks that you pay the first $147 per calendar year in a deductible and then asks you to be responsible for 20% of the Medicare allowed bill for service. Have no fear here — Medicare Supplemental Plan F will pay these bills for you! Plan G will also pay these bills but will ask you to pay the annual Part B $147 deductible ( in return for lower cost monthly premiums vs. Plan F).

Source: Penn Health Insurance Solutions, Inc., July 7, 2014

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