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?
Under Original Medicare, there is a single deductible amount for the initial 60 days of any long-term emergency clinic stay, after which it turns into coinsurance every day through day 90. After day 90, he will pay one day. Amount up to 60 days in his lifetime, after which he will be liable for all expenses.
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