Medicare Costs

What Can I Do If I Can’t Afford Medicare?

Medicare is a federal program created to cover various healthcare services such as hospice care, skilled nursing facility care, durable medical equipment, preventive screenings, etc. Though Medicare helps to cover important medical and hospital costs, this coverage isn’t exactly free. To keep your Medicare coverage, you must cover certain costs such as premiums, copays, deductibles, …

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Will My Medicare Premiums Increase Each Year?

Medicare costs typically include deductibles, copays, coinsurance, and premiums.  Your Medicare premiums usually do increase each year. Every year, premiums, deductibles, and coinsurance costs are adjusted based on the Social Security Act.  For example, the standard monthly premium for Medicare Part B in 2020 was $144.60, and in 2021 it is $148.50. The annual deductible …

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medical equipment, medicare, coverage

What Medical Equipment Does Medicare Cover?

Under Part B and Medicare Advantage, you can get coverage for items that are deemed medically necessary. These items are typically known as durable medical equipment, which includes items or supplies that are medically necessary to maintain daily activities at home. Durable medical equipment can be used repeatedly, be used at home for a medical …

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medicare, home health care

Does Medicare Pay for Home Health Care?

Home healthcare services can help to improve a medical condition, manage a medical condition, or help prevent a health condition from getting worse. Fortunately, Medicare does cover certain home healthcare services as long as they are approved.  Medicare Part A and Part B cover home health services such as part-time skilled nursing care. Skilled nursing …

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