Medicare Part B is Medical Insurance
Medicare Part B helps cover services from doctors and other providers, outpatient care, some home health care, durable medical equipment, and some preventive services like certain vaccines and screenings.
Everyone pays a premium for part B. Luckily, you’ll pay nothing for most preventative services and some people will qualify for Part B cost assistance based on income via state-based Medicare Savings Programs.
Citations:
What Part B Covers. Medicare.Gov.
Introduction to Medicare. CMS.Gov.
Thomas DeMichele
Looking for Medicare Plans?
Use the button below to find Medicare Advantage and Medicare Drug Plans.
Already know what plan you are looking for? Try using the search bar.
More Facts on Medicare
Your Drug Plan Can’t Charge More than $35 for a Month of Insulin
Since January 1, 2023, Part D plans can’t charge you more than $35 for a one-month supply of Part D-covered insulin. You also don’t have to pay a deductible for your insulin.
Some People Get Medicare Part A/B Automatically, but Many People Have to Sign Up
Most people are not automatically enrolled in Medicare Part A and Part B and have to sign up during their Initial Enrollment Period. The following are exceptions: If you’re already getting benefits from Social Security or the Railroad Retirement Board (RRB). If you’re under 65 and have a disability. If you have ALS (amyotrophic lateral sclerosis, also called Lou Gehrig’s disease). Meanwhile, Puerto Rico, has special rules for Medicare Enrollment.
Medicare Late Enrollment Penalties
Medicare Part A, Part B, and Part D all have late enrollment penalties for not signing up when you first become eligible. However, with Part A, penalties only apply to those who must pay a Part A premium. Please note each late enrollment penalty has its own rules.
Some Medicare Advantage Plans may include the Medicare Give Back Benefit.
Medicare Advantage plans in certain states and counties may include the Medicare Give Back Benefit. When you enroll in a Medicare Advantage plan that offers the Part B Give Back Benefit, the plan’s carrier will reimburse you for a portion of your monthly Part B premium via your Social Security check.