Medicare Part B
Medicare Part B helps pay for physicians` services, outpatient hospital care, ambulance services, prosthetic devices, medical equipment, and a number of other health services and supplies that are not covered by Medicare`s hospital insurance. Medicare Part B has certain out-of-pocket expenses, including a monthly premium, an annual deductible, and coinsurance. The monthly Part B premium is usually deducted from a beneficiary`s Social Security check. The Part B premium typically increases each year.
Part B covers 2 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.