What is Medicare Part B? What does Medicare Part B cover? Many people think of it as medical coverage, but it actually covers things both in and out of the hospital. Think of Medicare Part B coverage as any care administered by physicians.What Does Medicare Part B Cover?

Medicare Part B coverage provides you access to a variety of outpatient medical services. Part B covers preventive care including flu shots, colonoscopies, mammograms and more. It covers ordinary outpatient things like doctor’s visits, lab testing, home health care, ambulance rides, and some chiropractic care too.

However, Medicare Part B also covers more expensive services that sometimes occur in the hospital. This includes things like radiation or chemotherapy for cancer, surgeries, diagnostic imaging, medical equipment, and even dialysis for failing kidneys. Part B will also pay for drugs administered in a clinical setting, such as osteoporosis injections, infused drugs, antigens, and insulin that is used with an insulin pump.

Otherwise, outpatient drugs fall under Part D.

Part B is optional, but if Medicare is your primary coverage, you definitely need Part B.  You also cannot get Medigap supplemental coverage without it.

What does Medicare cover in terms of costs under Part B?

80% of approved costs after you first pay the annual deductible.How Much Will I Pay for Medicare Part B?

You must pay a monthly premium for your Medicare Part B benefits. The majority of Americans will pay the standard monthly amount set by the government. In 2020, the base rate for Part B is $144.60/month for people new to Medicare. However, you may owe more if your income is above a certain level.

You can find a chart showing the costs based on your income bracket on our Medicare costs page.  If you enroll late into Part B, you may also have to pay a penalty for life. It’s important not to miss your enrollment window whenever you retire and lose access to your employer group health insurance.

Medicare will deduct your Part B premiums out of your Social Security check if you are already enrolled in your SS income benefits. If not, they will bill you quarterly. There is a credit card option at the bottom of the quarterly invoices. To pay for Part B by credit card, just complete the bottom portion of the payment coupon and mail it into the Medicare Premium Collection Center.

You also have the option to use Medicare Easy Pay, a free autodraft service that will deduct your premium payments monthly from a checking or savings account.

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