Asked by Meredith L  |  Submitted August 17, 2015

Will someone please explain supplemental insurance Part B and why I might need it?

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  Answers  |  1

August 19, 2015

My name is Amber Lidskin, and I am a Medicare Insurance Agent and specialist with Kuhtz Diehl Insurance Services. I would be happy to answer that question.

Medicare Part B is the part of Medicare that pays for Doctor's care in and out of the hospital, for outpatient services such as Lab tests, MRI, EKG, the Emergency room, ambulance service, and physical/speech/occupational therapy. You need this part of your Medicare coverage to manage those every day services other than Acute Hospitalization, which is handled by Part A.

There is a premium for Part B, which currently stands at $104.90 per month. Part B has a $147.00 annual deductible. Between parts A and B, 80% of your healthcare is covered by Medicare.

In that light, a beneficiary would possibly need either a Supplemental policy to manage the 20% Medicare does not pay for, and a Prescription Drug plan for prescription drugs. Both are offered by Private Insurance companies.

Another option beneficiaries have is to use a Medicare Advantage plan that combines what Medicare parts A & B are doing, and usually includes Drug coverage. It is offered by private Insurance companies, and has a contract with the Federal Government. A program like that may or may not be available in your area. It depends upon the population in your area, and product availability. Supplemental plans are usually available in all areas of a state.

If you need to get more information about the details of Medicare, you are welcome to contact me. I have been a specialist in Medicare products since 2006, and would be happy to clarify any other information you are not sure about. My contact information is in my profile. Thanks for your attention.

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