What is the daily co-pay rate that Medicare residents face after a short stay?

The daily co-pay rate for Medicare residents who have a short stay in a skilled nursing facility is set at $194.50 for 2023. However, it seems the provided answer of $124 reflects a mistake in the context of current Medicare guidelines.

When a resident of a skilled nursing facility is receiving care covered by Medicare, they are required to pay a daily co-pay after the first 20 days of care in a benefit period. For days 21 through 100 of a Medicare-covered stay, the resident incurs this co-pay, which is higher than $124. Therefore, the more accurate figure for 2023 is above $124, indicating that there may have been a misunderstanding regarding the actual current cost incurred by residents.

For your studies, it's essential to stay updated with the current rates set by Medicare since they can change annually, affecting the amount residents are responsible for during their stay.