[Health Insurance] 40, Medicare Part A Hospital Insurance
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
Medicare Part A provides coverage for inpatient hospital stays, skilled nursing facilities, home health, and hospice care.
The Part A deductible is applied per 'benefit period,' not annually, which can lead to multiple deductibles in one year.
Cost-sharing includes a deductible for the first 60 days, followed by significant daily coinsurance for extended hospital stays and lifetime reserve days.
A critical exam distinction is that Part A covers medically necessary skilled nursing care but excludes long-term custodial care.
Premium-free Part A is available to individuals with at least 40 quarters of Medicare-covered employment history.
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