Medicare changes for 2024: Increased premiums and deductibles, expanded coverage

(The Dallas Examiner) – Medicare costs and coverage will go through many changes this year. The changes will expand care and make coverage more affordable. Medicare enrollees will continue to feel the effects of 2022’s historic drug law aimed at curbing what older Americans pay for prescription medications. But at the same time, beneficiaries will face higher premiums and deductibles. & Medicare Part A “Anytime you’re admitted into the hospital, you may have a cost if you do not have other insurance that includes a supplement, that could include Medicaid. If you do not have other insurance, you will have a deductible,” Benefits Counselor Melinda Gardner explained during the recent Medicare Updates, Choosing Doctors and Other Provides webinar hosted by the Area Agency on Aging of North Central Texas. Related Stories Medicare Part A covers inpatient hospitals, skilled nursing facilities, hospice, inpatient rehabilitation and home health care services. In 2024, the Medicare Part A inpatient hospital deductible, if admitted to the hospital, will be $1,632. This is an increase of $32 from 2023. The Part A inpatient hospital deductible covers beneficiaries’ share of costs for the first 60 days of Medicare-covered inpatient hospital care in a benefit period. This year,...