Part B Costs and Coverage
Description
Part B Premium – In most cases this comes directly from the beneficiaries social security check before the money is deposited. Some individuals will pay an increased premium based on their yearly earnings.
Costs
Monthly – $134
Quarterly – $536 – When a medicare beneficiary is not receiving social security they will be billed quarterly for the premium. Failure to pay this will result in loss of coverage
Part B Coverage- Includes doctor visits, procedures, and durable medical equipment. This works on co-insurance with medicare covering the majority of the costs. There is a yearly deductible. After that is met, the cost sharing will begin.
Part B Deductible – $183
Medicare – 80%
You – 20%
Excess Fee – 15%
*Some health providers may charge this if they do not accept Medicare assignment.
