Question

Mr. Patel is in good health and is preparing a budget in anticipation of his retirement when he turns 66. He wants to understand the health care costs he might be exposed to under Medicare if he were to require hospitalization as a result of an illness. In general terms, what could you tell him about his costs for inpatient hospital services under Original Medicare?

Answer 1

a. Under Original Medicare, there is a single deductible amount due for the first 60 days of any inpatient hospital stay, after which it converts into a per-day coinsurance amount through day 90. After day 90, he would pay a daily amount up to 60 days over his lifetime, after which he would be responsible for all costs

Step-by-step explanation:

no explanation. the answer is correct.

Answer 2

Answer: In general terms, Mr. Patel should know about the hospital costs that he will need to pay if he has to be admitted overnight or longer. Mr. Patel should know that he will have a single deductible that will have to be paid for the first 60 days of being hospitalized. After 60 days of inpatient stay, the amount will be a per-day amount of money due to the hospital until the 90th day. After the 90th day of stay, he will have to pay a certain amount up to 60 more days for the rest of his lifetime. After that, he will be responsible for all of the hospital costs, under the original Medicare.