Medicare Part B (Medical Health Insurance) is an insurance option for people who qualify for Medicare. Its purpose is to cover medically necessary services like doctors’ services, outpatient care, home health services, and other medical services. Part B also covers some preventative services. Part B provides coverage for doctors services outside the hospital setting and other medical services that Part A doesn’t cover.
Additional services covered include:
You must sign up for Medicare Part B and pay a monthly premium, and yearly deductible. The cost for the premium is deducted from your Social Security check. Costs for Part B depend on if you have Original Medicare or are in a Medicare health plan. For some services, there are no costs, but you may have to pay for the visit to the doctor. If the Part B deductible applies, you must pay all costs until you meet the early Part B deductible before Medicare begins to pay its share. Then, after your deductible is met, you typically pay 20% of the Medicare approved amount of the service. You can save money if you choose doctors or providers who accept assignment. You also may be able to save money on your Medicare costs if you have limited income and resources.
Most people will continue to pay the same Part B premium they paid last year.
If you do not sign up for Medicare Part B when you are first eligible, you may have to permanently pay a higher monthly premium.
Your Medicare card will tell you if you have Part B coverage. If you have it, Medicare Part B will be listed on your card. Don’t worry if you are not covered, you can still sign up. However, it may cost you more if your initial enrollment period has ended.
To enroll, visit your local Social Security office or call the Social Security Administration at 1-800-722-1213. TTY users should call 1-800-325-0778.
Part B is not free. There’s a monthly fee that is usually taken right out of your Social Security payment or retirement benefits. The fees range depending on your income. There is also a yearly deductible for Part B services. After you pay the deductible, your Part B benefit begins. In most cases any purchases will have a 20% co-pay.
When you sign up, you will be given options. Choose carefully because the benefits are different under the following options. You may choose between:
The Benefit Link is here to help! Give us a call and speak to a licensed insurance agent:
It can be difficult to know whether or not you have proper coverage, but we can help!
The Benefit Link, a Licensed Insurance Agency with its physical office in Texas, employs insurance agents (producers), and through such agents, can provide these services to clients in all 50 States of the USA. By clicking on a form, you authorize The Benefit Link to call you and send pre-recorded messages, text messages, and in-app Facebook messages to you about The Benefit Link products and services at the telephone number you have on file with Facebook, or any other telephone number or contact information that you provide to The Benefit Link, including your mobile phone if provided, using an automated dialer and email, even you are on the national or state “Do not Call” list. You understand that your consent is not a requirement to purchase products and services from The Benefit Link. Message and data rates may apply, and you can opt-out anytime.