If you’re not collecting Social Security, you’ll get a bill from the federal government every 3 months. The monthly premium for Part B is based on your income taxes from 2 years before you enroll and is automatically deducted from your Social Security check each month. Learn how Medicare late enrollment penalties work. Part D provides prescription drug coverage. Part C offers an alternate way to receive your Medicare benefits (see below for more information). Part B provides outpatient /medical coverage. Part A provides inpatient /hospital coverage. The penalty increases the Part B monthly premium by 10% for each 12-month period you decline coverage. There are four parts of Medicare: Part A, Part B, Part C, and Part D. However, if you don’t have equivalent coverage, you could be charged an ongoing penalty if you enroll late. If you keep working after age 65, you can delay enrolling in Part B if your employer has 20 or more employees and their health plan covers the same services as Part B. Social Security will usually send your Medicare card 4 months before the month you turn 65.Įnrolling in Part B is optional, and you can opt out after you get your Medicare card. Is my test, item, or service covered Your Medicare coverage choices. Medicare Part C, also known as Medicare Advantage, is a type of health insurance plan offered by private companies that contract with Medicare to provide all of your Part A and Part B benefits. Other parts of Medicare are run by private insurance companies that follow rules set by. ![]() Part B also covers many preventative services. It helps you pay for outpatient services like doctor’s office visits, preventive care, a yearly wellness visit, physical therapy, mental health care, lab services, and X-rays.Īs with Part A, if you’re already getting Social Security benefits, you’ll automatically be enrolled in Part B. Medicare Part B (medical insurance) helps cover medically necessary doctors’ services, outpatient care, home health services, durable medical equipment, mental health services, and other medical services. It covers medically necessary services and some preventive ones, like checkups. Medicare Part B is also provided by the federal government. Part B is Medicare’s coverage for doctor visits, tests, and other outpatient services.
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