by Kristin P. Sinclair January 17, 2020
January 2020: It is a new Year and Medicare Cost Sharing has changed for the 2020 Annual Period.
Since Medicare has unlimited out of pocket exposure it is important that the Medicare beneficiary have coverage above and beyond that to the original Medicare. Supplemental coverage options can help pay for that additional out of pocket exposure and different plan designs off different levels of coverage. You can call Kristin at 803-329-0615 to discuss setting up an appoint to review coverage options than can help you protect your out of pocket exposure.
Medicare Part A in 2020 has a $1,408.00 deductible for Hospital Admission as an inpatient. That amount is applicable whether You are admitted for one day or up to 60 consecutive days. On days 61 through 90 the Medicare beneficiary would have a co-payment responsibility of $352.00 per day. On days 91 through 150 which are one time use life time reserve days the Medicare beneficiary would have a co-payment responsibility of $704.00 per day. At which point Medicare would have paid as much toward that admission as could be paid by the original Medicare.