Question

What type of insurance is Medicare Part A?

1) medical insurance
2) Prescription drug coverage
3) hospital insurance
4) Medicare Advantage Plans

Answer 1

Medicare Part A serves as hospital insurance, covering inpatient hospital stays and related services. It is one of the different parts of Medicare, which was established to help ensure healthcare for individuals over 65 or with certain disabilities.

Step-by-step explanation:

Medicare Part A is primarily hospital insurance. It is designed to cover inpatient hospital care, skilled nursing facility care, hospice care, and some home health care services. Medicare Part A is funded through payroll deductions and employer contributions. Beneficiaries are subject to a deductible and may also have to pay copayments for certain hospital services, but there are no caps on the total costs one can incur from these services. Medicare, established in 1965, has evolved to include other parts, such as Part B for additional medical services outside of hospital stays, Medicare Advantage Plans (Part C), and prescription drug coverage (Part D).