Medicare Part B
Medicare Part B is a component of the Federal Medicare program, offering health insurance coverage primarily for outpatient care, doctor visits, preventive services, and some home health care. Eligible individuals, typically aged 65 and older, enroll during the Initial Enrollment Period, facing potential penalties if they delay enrollment. Part B involves a monthly premium, an annual deductible, and 20% coinsurance. Covered services include doctor visits, lab tests, preventive screenings, and durable medical equipment. Part B does not cover long-term care, dental or eye care, hearing aids, or cosmetic surgery. Beneficiaries can choose to receive Part B benefits through Medicare Advantage plans, and some opt for Medicare Supplement Insurance to address out-of-pocket costs. Coordination with other health coverage is essential, and making informed decisions is crucial for those approaching Medicare eligibility.