Most people have to pay a premium for Part B. You pay the Part B premium each month.
Most people will pay up to the standard premium amount. The Part B premium can also
be paid every quarter or through the electronic payment option, or Medicare Easy
Medicare Part B is a medical insurance provided by the federal government to eligible
beneficiaries. Part B helps cover medically-necessary services like doctors’ services,
outpatient care, home health services and other medical services.
Medicare Part B covers many services, tests, preventive treatments, etc. that are
common among health care patients, but are not covered in the Part A plan. Though
many services and products are covered, Part B is still not a 100% insurance coverage
plan. So, as with any other insurance policy, you should understand the plan and
coverage completely upon enrolling. Part B helps cover only the medically necessary
Part B covers two basic types of services:
• Medically-necessary services — Services or supplies that are needed to diagnose
or treat your medical condition and that meet accepted standards of medical practice.
• Preventive services — Health care to prevent illness (like the flu) or detect it
at an early stage, when treatment is most likely to work best.
Overall, Part B will provide additional coverage to help minimize your health care
insurance worries. Whatever health care insurance coverage you choose, make sure
you have a clear understanding of options, coverage, and premiums.