seniorsmobility.org/bedroom/hospital-beds/free-hospital-beds-for-elderlyPrivate View The plan will cover almost any healthcare costs leftover by Medicare, including hospitalbeds. So, if Medicare pays for 80% of your hospital bed (more on that below), Tricare will cover the remaining 20%, making your bed free! Well, not technically free, but $12.50 is about 1% of the overall cost of a hospital bed!