Medicare Part A is often called hospital insurance. By providing coverage for a big portion on their bills if they end up in the hospital, Medicare Part A gives peace of mind to older Americans. Medicare Part A focuses on coverage for inpatient hospital stays that last two or more nights in a hospital. It covers 100% of hospital-related expenses of stays up to 60 days or less after the deductible, which is $1556 in 2022.  

For the majority of people the trigger for eligibility is attaining the age of 65 years. If you have received Social Security benefits for at least 4 months before your 65th birthday you will be automatically enrolled in Medicare Part A. Due to the fact that legislation has been pushing the age for receiving full Social Security benefits past the age of 65 it is becoming less and less common for people to be automatically enrolled. 

It makes financial sense for the majority of people to enroll in Medicare Part A when they become eligible. There is a 7 month period surrounding your 65th birthday where you can enroll in Medicare. It is the three months before your birthday, the month of your birthday, and the two months after. For more information on how to enroll in Medicare Part A please contact us.