Medicare
Medicare Part B
Definition
Medicare Part B is medical insurance. It covers doctor visits, outpatient care, preventive services, and durable medical equipment.
More Detail
Part B requires a monthly premium. Most people pay the standard amount, but higher-income earners pay more through IRMAA. In 2024, the standard Part B premium was $174.70 per month. Part B also has an annual deductible and generally covers 80% of approved costs after the deductible, leaving you responsible for the remaining 20%.
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