One of the largest parts of Medicare is Part B. This is included in Original Medicare and covers you for many essential healthcare services. Medicare Part B 2020 is the outpatient care part of Medicare, meaning it takes care of many healthcare costs and services that do not require a hospital stay. We are going to look at what Part B covers and how you can sign up for it, if you are interested.
What Part B Will Cover You For
If you have Part B covering you, then you will not have to worry about a number of healthcare costs anymore. Here is a list of what Part B is going to take care of for you:
Preventative care services- such as screenings, medical tests and shots
Ambulance services, including transport and care while on the ambulance
Home health care (as long as it is intermittent)
Some doctor’s visits
These coverage items are conditional. They all need to be ordered by a doctor in order to be valid and to be considered medically necessary. If your doctor doesn’t order them, then they are considered to be elective. That means that Part B won’t cover them for you.
Who Is Eligible for Part B?
A good way to determine if you meet the eligibility requirements for Medicare Part B is to see if you are eligible for basic Medicare. If you turn 65 and are a US citizen, then you are probably already eligible at that point. Many seniors will be automatically signed up for Part A at that point, and if that happens, then you are also eligible for Part B.
Medicare part B is designed for seniors, as it covers the kind of medical expenses they are likely to face. Part B can be available to you before you turn 65, though, if you have what is known as a qualifying medical condition. This could be a disability or various diseases, and you can check with us or a Medicare agent to find out if your health status qualifies you for early eligibility.
How Do You Sign Up?
You can get Medicare Part B as soon as you turn 65, if you like. That is only necessary if you were not automatically signed up for it already. The time to sign up is during the General Enrollment period. This will run from January 1st and end on March 31st, so make use of that window to get this coverage plan, if you need it.
If you did not sign up when you first became eligible for Part B, then there may be a late fee attached to the signup. To sign up, you can either contact Medicare or Social Security and get started. You can also sign up with a Medicare Advantage plan from a private insurance company. This will actually cover all of Medicare parts A and B as well as provide some additional coverage. It’s a lot more robust than basic Medicare, so make sure you need Medicare Advantage before you try to apply for it. You can use our site to check the prices on Medicare Advantage and see if it might fit into your budget.
Medicare Part B 2020 is available to most seniors, but there are some restrictions on eligibility that some people will run into. If you are having trouble getting a Medicare Part B plan, then please get in touch with us and let us help you explore your other options. There may be coverage out there that works better for you that you are qualified for.
You should keep in mind that once you are 65 years old, you re also eligible for other Medicare plans, such as Medigap. You will want to sign up during the Open Enrolment period for that plan, if it is something that could benefit you. You can check rates and availability for plans like that here on our site. We will make it very easy for you to find the best deal and see how the different insurers compare on that kind of plan.
The Cost of Medicare Part B
The rates for Medicare plans and healthcare plan in general will go up from year to year. Right now, the average premium for Medicare Part B is $135.50. Some people will pay more than that, though, so don’t expect that this is what you will pay no matter what. Those with higher income tend to have to pay more, so keep that in mind as well.
You will need to pay the premium every three months, unless the cost of the premium is deducted from your Social Security or some other form of benefit that you receive. There is also an annual deductible for Part B, and it costs $185 right now. It has increased on only slightly in the past few years, and the price of these expenses tend to stay pretty level, since they are decided by Medicare directly.
The deductible can be covered by Medicare Supplements, also known as Medigap plans. Those coverage plans can cover all sorts of leftover expenses for you, such as copayments and excess charges related to Part B too.
You may have to pay excess charges out of pocket for Part B services, if you go to a medical facility where your Medicare plan is not fully approved. There are some places like that scattered across the country, so be aware of the risk to you for expenses like these.
Medicare Part B 2020 is a great plan for many seniors to have protecting them. It takes care of common expenses that most seniors will have to deal with, and it does so in such a way as to save most people money. If you are going to turn 65 soon, or you already turned but didn’t get Part B, then it may be time to take a look at what this plan offers and consider it as a coverage plan for your future.
Compare Medicare Advantage for 2020