Updated 09/12/2024 – 08:13 CST
Medicare Part B, a crucial component of Original Medicare, is not free for American citizens over the age of 65. To access coverage for medically necessary services and preventative care, individuals must pay a monthly premium.
The minimum premium for Part B is around $174.70 per month, in addition to a yearly deductible of $240. This gives access to 80% of coverage for services such as doctor and specialist visits, telehealth consultations, annual wellness visits, routine checkups, and vaccinations for conditions like flu, Covid-19, and pneumonia.
Part B also covers screenings for various health conditions, diagnostic tests, emergency room or outpatient clinic services, and minor surgeries or procedures. It also helps with the cost of medical equipment and devices, home health services, and some drugs and injections.
However, it’s important to note that Part B does not cover prescription drugs, dental care, vision and hearing care, or long-term care in nursing homes. These services may be covered by other parts of Medicare or through state programs.
For those on a limited income, there are options available to help with the costs of Part B. This includes Medicaid or a Medicare Savings Program, which can assist with premiums, deductibles, and coinsurance.
It’s worth noting that Medicare Part A, which covers hospital insurance, is often premium-free for individuals who have worked and paid Medicare taxes for at least 10 years.
Overall, Medicare Part B offers essential services and preventative care at a cost. It’s important for individuals to understand their coverage options and potential assistance programs to ensure they receive the necessary healthcare services.