Medicare Part B

Definition

Medicare Part B is medical insurance. It helps cover doctors' and other providers' services, outpatient care, durable medical equipment and many preventive services. In 2026 the standard premium is $202.90 a month, or higher depending on income, with a $283 yearly deductible, after which the beneficiary usually pays 20% of the Medicare-approved amount.

Why It Matters

Part B is the part most people actually use day to day, and the one with the most expensive mistake: a late enrollment penalty of 10% for each full year you could have had it, usually for life.

Real-World Example

Common Misconceptions

• Part B is optional with no downside. Delaying without qualifying coverage can mean a lifelong penalty.
• Part B covers hospital stays. Part A covers inpatient stays; Part B covers doctors and outpatient care.
• The premium is the same for everyone. It's higher above certain incomes.

Key Takeaways

• The 2026 standard premium is $202.90 a month, or higher depending on income.
• The 2026 deductible is $283 a year.
• After it, you usually pay 20% of the Medicare-approved amount.
• The late penalty is 10% for each full 12-month period you could have had Part B.

Frequently Asked Questions

Related Terms

• Medicare Part A
• Original Medicare
• Medicare Initial Enrollment Period
• Medigap (Medicare Supplement Insurance)
• Coinsurance (Health Insurance)

Related Coverages

• Medicare

Related Scenarios

• Does Medicare Cover The Shingles Vaccine?
• Does Medicare Cover Dental Implants?
• Does Medicare Pay For Assisted Living?

Sources

The factual claims on this page were checked against these sources. Rules and figures change, so check the source itself if you need to confirm the current version.

• medicare.govMedicare costs · Medicare.gov (U.S. Centers for Medicare & Medicaid Services)
• medicare.govAvoid late enrollment penalties · Medicare.gov (U.S. Centers for Medicare & Medicaid Services)