Your Guide to Medical Coverage

Medicare Part B (Medical Insurance)

• Part B covers outpatient services such as doctor visits, home health care, durable medical equipment (like oxygen tanks or wheelchairs), ambulance services, preventive care, X-rays, labs, and certain prescriptions. It has a monthly premium of $174.70 (in 2024) and a deductible of $240. After the deductible, you typically pay 20% of the Medicare-approved amount for most services, as long as your provider accepts Medicare.

Example of Part B Costs in 2024:

• After the $240 deductible: You pay 20% of the cost for each Medicare-covered service or item, provided your doctor accepts Medicare's terms (known as "accepting assignment").