There are a few key differences between Medicare Part A and Part B. In this blog post, we will outline the key distinctions so that you can make an informed decision about which plan is right for you. First, Part A covers inpatient care, while Part B covers outpatient care. Second, Part A has more comprehensive coverage than Part B. Finally, you must have both Medicare Part A and Part B to be eligible for most Medicare benefits. For more information on the differences between Medicare Parts A and B, please contact our office today. We would be happy to help!
What is Medicare Part A?
Medicare Part A is a federal insurance program that helps to cover the costs of inpatient hospital care, skilled nursing facility care, hospice care, and home health care. Medicare Part B is a separate program that helps to cover the costs of outpatient medical care, preventive services, and some immunizations and vaccines. Medicare Part A is often referred to as “hospital insurance” because it helps to cover the costs of inpatient hospital care. Medicare Part B is often referred to as “medical insurance” because it helps to cover the costs of outpatient medical care. Medicare Part A and Medicare Part B are both administered by the Centers for Medicare & Medicaid Services (CMS).
What is Medicare Part B?
Medicare Part B is a federally run health insurance program that helps to pay for certain medical services and supplies. Medicare Part B is available to people who are 65 years or older, as well as those with certain disabilities. Medicare Part B covers a range of services, including doctor’s visits, preventive screenings, and some vaccinations. Medicare Part B also covers some durable medical equipment, such as walkers and oxygen tanks. Medicare Part B has a monthly premium, and there is also a yearly deductible that must be met before coverage begins. While Medicare Part B does not cover everything, it can help to reduce the cost of medical care for those who are eligible.
Difference between Medicare Part A and Part B
Medicare Part A and Medicare Part B are two different parts of Medicare. Medicare Part A is hospital insurance. Medicare Part B is medical insurance. Medicare Part A covers inpatient care in hospitals, skilled nursing facilities, hospice, and home health care. Medicare Part B covers outpatient care, preventive services, durable medical equipment, and some home health care. Medicare Part B also covers some clinical research studies. If you have Medicare Part A, you don’t pay a monthly premium for it. If you have Medicare Part B, you pay a monthly premium for it.
The standard premium for Medicare Part B in 2020 is $144.60. You may pay more if your income is over a certain amount. Medicare Part A has a deductible of $1,408 per benefit period. Medicare Part B has a deductible of $198 per year. After you meet your deductible, you usually pay 20% of the Medicare-approved amount for covered services. You also pay any deductibles, coinsurance, and copayments for covered services and supplies before Medicare pays its share.
Conclusion
The main difference between Medicare Part A and Part B is that Part A covers hospital stays while Part B covers doctor visits. However, there are other important differences as well. For example, Part A has a higher deductible than Part B. It’s important to understand the nuances of each plan before making a decision about which one is right for you.
