2021 is coming to an end. Many healthcare providers and their patients receiving hospital care through Medicare Part A, are concerned about any potential updates in their coverage next year.
Fortunately, there are no significant policy or coverage updates that affect exclusively Medicare Part A providers. There are still several things that you need to know, though.
First, the CMS has increased an annual deductible for Medicare Part A-eligible individuals. In 2022, this amount will be $1,556, compared to $1,484 established in 2021. This deductible covers the beneficiaries' share of the costs for the first 60 days of stay at a Medicare-participating inpatient hospital.
Second, there will be small rises in the coinsurance amount and lifetime reserve days. In 2022 beneficiaries will have to shell out $389 per day for the 61st until the 90th day of hospitalization as part of the coinsurance amount, while lifetime reserve days will cost $778 per day. However, beneficiaries who are treated in a skilled nursing facility will have to pay $194.50 in 2022 for daily coinsurance for days 21 through 100.
Finally, the CMS will keep its commitment to eliminate improper Medicare fee-for-service payments. In 2021, Medicare FFS estimated improper payment rate is 6.26%, and this percentage is likely to decrease next year.
