What is Medicare Part B
If you are looking for a plan which covers services like lab tests and supplies like wheelchair, you need to sigh up for Medicare Part B. Medicare Part B covers cost of some services and products which are not covered by Part A.
Medicare part B comes under Original Medicare and used to pay for services, supplies and products which is required to treat a particular health condition or disease. Services includes lab tests and supplies includes walkers and wheelchairs etc. It also covers doctors visit and surgeries.
Medicare Part B Cost
Medicare Part B Premium
The standard Medicare Part B premium is $104.90 per month. However it may go up depending upon your situation. If you are enrolling in Part B for the first time, your premium will start from $121.80 per month.
There are few factors which affects the premium.
- If you were never enrolled in Part B
- You don’t have Social Security benefits.
- You have both Medicare and Medicaid (Dual Eligible).
- Your income is higher than certain limit.
Table below is summarized to show monthly premiums in 2016 based on your income. Data taken from Medicare Website.
|Medicare Part B Premiums in 2016 (Per Month)||You pay each month (in 2016)|
|File individual tax return||File joint tax return||File married & separate tax return|
|$85,000 or less||$170,000 or less||$85,000 or less||$121.80|
|above $85,000 up to $107,000||above $170,000 up to $214,000||Not applicable||$170.50|
|above $107,000 up to $160,000||above $214,000 up to $320,000||Not applicable||$243.60|
|above $160,000 up to $214,000||above $320,000 up to $428,000||above $85,000 and up to $129,000||$316.70|
|above $214,000||above $428,000||above $129,000||$389.80|
Medicare Part B Deductible
Like any other plans, you have to pay certain deductibles before Part B kicks in. You have to pay $166/year as deductible before Medicare starts paying for the cost incurred. One more thing to remember is that deductible is not the only thing you have to pay. Once deductible is met, you’re responsible for 20% (coinsurance) of amount approved by Medicare for the services, supplies and doctor’s visit.
Medicare Part B Coverage
Part B covers many essentials things like ambulance cost (to or from hospital), doctor prescribed durable medical equipment for example blood sugar test strips or blood sugar monitor. It also covers lab tests and doctor’s visits and supplies like wheelchair and walkers.
[stextbox id=”alert”]Talk to your health care provider about your need and then make sure Medicare covers your need like certain services or supplies.[/stextbox]
In case of any doubt or you need clarification, please visit this website.
Medicare Part B Enrollment
Signing up for Medicare part B is really easy and there are multiple ways to do that. You can apply for Medicare through Social Security, either in person at a local Social Security office, through the Social Security website, or by calling 1-800-772-1213 (TTY users 1-800-325-0778) from 7AM to 7PM, Monday through Friday.