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Medicare Part B bascially covers outpatient and labratory expenses.

 

Here's a little trick you can use to help you remember what Part B covers...

 

Medicare Part B covers medical expenses Before you need to go to the hospital.

 

Medicare Part B covers things like:

 

* Regular visits to your doctor

* Visits to a specialist

* Laboratory expenses

* Diagnostic expenses (such as an MRI, or EKG)

* Therapeutic drugs, such as for chemo therapy

 

Frequently Asked Questions about Medicare Part B

 

Q. When am I eligible for Medicare Part B?

 

A. Generally, the first day of the month you turn 65

 

Q. Is there a premium for Medicare Part B?

 

A. Yes. In 2009, the Part B premium was $96.40. Most Medicare beneficiaries have this premium automatically deducted from their social security check.

 

Q. Are there deductibles and co-pays with Medicare Part B?

 

A. Yes. In 2009, the Part B deductible was $135 (the amount you pay before Part B pays for your outpatient expenses). In 2009, the Part B co-pay was 20% of the Medicare Approved amount. For example if your doctor charged $150 to remove a mole, Medicare may only allow him to bill for $70. You would pay 20% of that amount, or $14.00

 

Q. Can I refuse Medicare Part B?

 

A. Yes, but it is NOT recommended. If you change your mind later and opt in to Part B,

you will need to pay a penalty.

 

 

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Watch the video below, which further explains Medicare Part B eligibility.

 

 

 

 

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