Medicare’s basic plan is split into two parts- Part A and Part B. We’re going to examine Medicare Part B for you here, so you can determine if you need the coverage it has to offer you. We will look at what it provides for you as far as healthcare coverage and how you can sign up for it, if you want to.
How Medicare Part B Covers You
Medicare Part A and Part B are meant to work together, and they cover a lot other common expenses that seniors tend to face and have to pay out of their own pockets. Let’s look at what exactly Medicare Part B will cover for you.
It takes care of a number of services that are considered medically necessary and that fall under the classification of outpatient care. That means they are services you would receive from a hospital or doctor’s office that don’t involve a lengthy stay at the hospital. So, many surgeries and tests could be included so long as they are related to procedures that allowed you to leave the hospital shortly after having them done.
Ambulance services ar recovered under Part B, as are many research and preventive procedures. If it involves diagnosing your problem and finding out how to treat it, then it may be covered under Part B.
Even mental health services can be covered under Part B. This includes counseling and therapy, diagnoses by a clinical psychiatrist and other similar services.
Whether you will be covered or not for a specific service depends on what Medicare has decided Part B will cover, what each state has to say about what procedures and services are considered medically necessary in your situation and what the local processing companies for medical insurance decide is medically necessary.
All of these can change over time, so just because you are not covered for something now, that doesn’t mean that there will be no coverage for it at a later date. If you move from one state to another, you may find that the standards regarding what is considered to be medically necessary may differ, and you may not be covered anymore for something that you were previously covered for.
If you sign up for Part B and you are not sure if you are covered for a particular service, then you are entitled to find out before that service is administered and you have to pay for it. Simply ask one of the people working at the hospital or doctor’s office to find out for you if the upcoming procedure or service is covered under your insurance plan. They can find out for you and you can make an informed decision as to whether you still want that procedure or not.
Part B’s Cost
The cost of Medicare Part B will depend on a few factors. You generally have to pay a premium for it every month. If you receive a benefit payment, then your premium will be deducted from these benefit payments. That includes Social Security and other retirement benefits.
In general, you will pay $134 per month for Part B’s premium. Your income can change that number, though, and it could be higher if you make more than the average person or if you have more money coming in from your retirement than the average. If it is deducted from your Social Security, then you will only pay $107 per month. A lot of different things affect the total cost of Part B, so don’t assume that you will have to pay the average price. There may be special circumstances and conditions that apply to you that will lower your costs.
If your filed a joint tax return, a separate return or something else, then that can affect your Part B costs as well. These costs can change from year to year, so it’s a good idea to plan ahead and know how much you will be paying for Part B before you actually start to make those payments.
The deductible for Part B is something else you will have to pay. This deductible is $183, but you can have it covered by a Medicare Supplement plan, if you choose to do so. Not all Supplement plans will cover the deductible for you, though so choose carefully, if you want that covered. This deductible is only paid once per year.
How to Sign Up for Part B
If you are interested in purchasing Part B insurance to help cover your healthcare expenses, then you should know that it is typically only available during Open Enrollment and only available as a package with Part B. You can find exceptions to these standards, but they are few and far between. So, you’ll need to decide if you need Part A as well or if you would benefit from a different kind of insurance.
To Enroll online visit https://www.ssa.gov/medicare/
For the most part, seniors can benefit from Part B’s coverage. It takes care of essential medical costs that most seniors would have to pay from their own pockets anyway, and it usually does so at a lower price than what they would have to pay if they were covering those costs on their own.
Part B coverage can save you money on your medical care, and as you grow older, it is likely to be more and more necessary for you. If you do sign up for it and our find that it isn’t enough coverage for you, then you can always add some more coverage onto it. You can sign up for Part D or Part C coverage, as well as Supplement plans, in order to get the kind of coverage you need for your medical expenses.
You should be eligible for Part B once you hit age 65. It’s easy to sign up for, and you can purchase Medicare Part B through Medicare. It’s not something that you will be able to buy from a private insurance company.