If someone has Type B Medicare, what must the consumer pay for services?

If someone has Type B Medicare, what must the consumer pay for services?

• A. A premium only
• B. A premium and 10%
• C. A premium, initial deductible and 20%
• D. A premium, deductible and 40%

Answer: (C)

Medicare Part B involves three forms of cost-sharing for most services: a monthly premium, an annual deductible, and a 20% coinsurance after the deductible is met. In practice, Medicare covers about 80% of approved charges once the deductible is satisfied, and you pay the remaining 20% as your share. So the description that includes a premium, the initial deductible, and 20% coinsurance is the correct one. Options that mention only a premium or that use 10% or 40% coinsurance don’t reflect Part B’s standard cost-sharing.

Medicare Part B involves three forms of cost-sharing for most services: a monthly premium, an annual deductible, and a 20% coinsurance after the deductible is met. In practice, Medicare covers about 80% of approved charges once the deductible is satisfied, and you pay the remaining 20% as your share. So the description that includes a premium, the initial deductible, and 20% coinsurance is the correct one. Options that mention only a premium or that use 10% or 40% coinsurance don’t reflect Part B’s standard cost-sharing.