How does Medicare Part A and Part B work?

Robert Bache, MedicareBob, explains in this video how Medicare Part A and Part B work. The concepts presented in this 2013 video are still accurate today in 2020. However, the costs have changed. This article will provide you with up to date Part A and Part B costs for 2020. 

How Medicare Works

In 2020, Medicare Part B monthly premium will cost you $144.60 per month. If you only have Parts A and B, MedicareBob says, “Every time you have to go to the hospital, you have to pay the first $1408 before Medicare pays a single penny.” This $1408 Part A deductible will last for 60 days every time you go to the hospital. That’s how Medicare Part A works, so how does Medicare Part B work?

MedicareBob says Medicare Part B is “for all your medical and doctor bills: labwork, doctor visits, x-rays, surgeries, and therapies.” Medicare Part B deductible is $198 per year. After you pay this small deductible, MedicareBob says, “The problem is Medicare will step in and pay 80% of your bills.” Consequently, you have to pay for the other 20%. 

Furthermore, MedicareBob adds, “There is no max out of pocket. There is no ceiling to Medicare Part B, so your exposure is unlimited.” Therefore, MedicareBob recommends you look into getting a Medicare Advantage or Supplement plan. 

MedicareBob Office

Call a licensed agent at MedicareBob’s office 1-855-468-4717, and we can help you figure out which type of coverage is best for you. Alternatively, you can get a quote or learn more about Medicare Advantage and Medicare Supplement Plans

You can also follow us on Facebook, and a licensed Medicare agent can answer your questions. MedicareBob has hundreds of educational Medicare videos for you to watch. You can follow MedicareBob on YouTube and get access to all his Medicare videos.

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