What Is the Social Security Deductible for Medicare?
Medicare is a government-run health insurance program in the United States, primarily designed for individuals aged 65 and older, as well as certain people with disabilities.
One of the key elements that beneficiaries need to understand is the concept of the deductible—the amount they must pay out-of-pocket before Medicare coverage begins. This deductible can vary depending on the specific Medicare plan, making it important to be familiar with the distinctions.
Medicare Part A, which covers hospital stays, typically comes with a higher deductible. This can result in significant costs, especially if a beneficiary faces an extended hospitalization.
In contrast, Medicare Part B, which covers outpatient care such as doctor visits and medical services, has a lower deductible. However...