Read What Others Have to Say
“Margo helped make the transition to Medicare and supplemental insurance so easy. She simplified the process and in one meeting I had medical, prescription plan, dental and vision covered. I highly recommend her. Thank you, Margo.”Leslie W
“My husband and I met with Karl several times. It is comforting to be able to tap his expertise in the oh so confusing Medicare process. I read a lot of paperwork I was bombarded with and did some research on-line also. Having Karl’s direction gives me peace of mind. I would recommend him to anyone!”Karen D.
“Margo was very efficient and informed in helping us with our Medicare Advantage Insurance Plan. She helped us make the correct decision as well as doing all the paper work for us, much easier than going it alone. We would recommend the Steinlage Insurance Agency.”Bryce D.
Medicare Part A FAQs
Understanding Medicare can be very confusing. We have done our best to simplify Medicare Plan A by answering frequently asked questions. Click on the questions below to be taken to each answer.
- How much does Medicare Part A cost?
- What does Medicare Part A cover?
- Who qualifies for Medicare Part A?
- What should I consider when looking into Medicare Part A?
- When & how do I sign up for Medicare Part A?
- What Medicare Plan A coverage changes can I make during Open Enrollment?
- Can Medicare Plan A be canceled?
- What are Medicare Part A premiums?
Who qualifies for Medicare Part A?
To qualify for Part A, you must meet the following:
- You already get retirement benefits from Social Security or the Railroad Retirement Board.
- You’re eligible to get Social Security or Railroad benefits but haven’t filed for them yet.
- You or your spouse had Medicare-covered government employment.
- It is extremely rare that someone would have to pay a premium for Part A.
What are some things to consider when looking into Medicare Part A?
- If you are still working and have an HSA compatible program, enrollment into Part A (which is automatic and unavoidable if you start drawing SS benefits) will negate the ability to contribute to the HSA.
- For example, if you are working fulltime and turn 65 in January, you can delay enrollment into Medicare A and still contribute to your HSA account.
- However, if you elect to draw monthly benefits and are automatically enrolled into Part A, (or you accidentally enroll into Medicare Part A because of all the misinformation about turning 65) you are no longer eligible to contribute to the HSA account.
- With the popularity of HSA plans at work, along with people working past 65, this is something that is becoming more of a common “mistake” so we suggest speaking with a professional to make sure you are guided properly!
Can I make Part A coverage changes during Open Enrollment?
- A person wouldn’t really modify Medicare Part A during the Medicare Annual Enrollment Period (which runs from 10/15 – 12/7) since Medicare Part A is a required component of all Medicare supplements, Medicare Part D and Medicare Advantage programs.
- For example, switching from a Medicare Supplement program to Medicare Advantage would not change the requirement of maintaining Medicare Part A coverage.
What are Medicare Part A premiums?
- If you buy Part A, you’ll pay up to $422 each month in 2018. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $422. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $232.
- In most cases, if you choose to buy Part A, you must also have Medicare Part B (Medical Insurance) and pay monthly premiums for both. Contact Social Security for more information about the Part A premium.
- Some people automatically get Medicare Part A (Hospital Insurance). Learn how and when you can sign up for Part A.
- Note: the premiums (like the $422) will increase/change annually so we would need a review on this to make sure our info is accurate.
- *Medicare Part A cost references from here