Q:

How much does Medicare generally pay for approved services?

A:

Quick Answer

Medicare Part A covers all approved services after a deductible for the first 60 days of hospitalization, and Medicare Part B covers 80 percent of approved costs for services, according to Nolo. After 60 days, Medicare Part A covers all costs remaining after a daily patient coinsurance payment.

Continue Reading

Full Answer

As of 2013, this coinsurance amount is $296 daily between 60 and 90 days and $592 after 90 days, explains Nolo. Medicare offers a 60-day lifetime reserve for coverage after 90 continuous days in a single hospital stay. This reserve can be split between stays. Medicare Part A also covers a lifetime total of 190 days for treatment in a psychiatric hospital and covers psychiatric care in a general hospital under the same guidelines as other inpatient care.

Learn more about Health Insurance
Sources:

Related Questions

Explore