Short video on Medicare Part B
Part B helps with the cost of doctor visits and other medical services, including lab tests, some diagnostic screenings, some skilled nursing care and outpatient care at hospitals and clinics.
What isn’t covered
Preventative dental, vision or hearing is not covered. Part B does not cover care outside the US or help with custodial care.
The premium you pay is based on your yearly income. Most folks will pay $104.90 per month. If you Made more than $85k individually or $170k jointly you will have a Income Related Monthly Adjustment Amount or IRMAA. You can always go to www.socialsecurity.gov or call 800-772-1213 to verify your status.
When and how can you sign up
As soon as you become eligible you can enroll in Medicare Part B. If you’re already receiving Social Security benefits and have been enrolled in Part A you should be automatically enrolled in Part B three months before your birth month. This does not always happen like it’s supposed to so you may need to call Social Security to sign up for Part B. You can sign up later but you may incur a Part B late enrollment penalty or LEP. Click Here to learn more.
Your share of the costs
Before Part B starts paying anything the deductible of $147 needs to be satisfied. After you pay your deductible Part B will pay 80% and you will be responsible for 20%. For 2013 outpatient hospital services copays range from $0 to $1,156
There are 3 ways to pay for these costs:
1. Stay on only Original Medicare and be prepared to pay all the cost sharing out of pocket
2. Purchase a California Medicare Supplement Plan. Click Here for an explanation.
3. Medicare Advantage Plans California. Click Here for an explanation.
As always, we are here to help you determine which option will be a good fit 1-888-806-3299