Medicare Supplement and Medicare Part B Premium

Can Medicare supplement cover for Medicare Part B premium?

You cannot use Medicare Supplement Policy (Medigap) to pay for Medicare Part B premium.

Supplementary Medicare plans are offered by Medicare Part A and B. These costs may include:

Deductible for Part A and Part B (the cost of covered benefits)

Part A and B coinsurance (i.e. your share (usually 20%) of Medicare-approved costs that remain after your share is paid by Medicare pays)

Some benefits not covered by Medicare Part A or Part B are provided by Medicare Supplement plans. For instance, some plans provide additional coverage for emergency care you receive during a trip abroad (80% of approved fees, up to the limits of the plan). A deductible amount may have to apply. Some plans may cover Medicare Part B deductibles for doctors who do not accept Medicare plans.

There are up to 10 standardized Medicare supplement plans in 47 states, each labeled with a letter, as well as the Medicare Supplemental Plan B. (States like Minnesota, Massachusetts, and Wisconsin have their own standard plans). Keep in mind that Medicare Part B is not the same as the Medicare B supplemental plan.

None of the standard Medicare supplement plans in most states will pay your Medicare Part B premium. A private insurance company approved by Medicare, or if it is in a separate area of ​​Medicare, is part of this plan, i.e. Part D Prescription Drug Policy. According to the Centers for Medicare & Medicaid Services, the standard premium for Medicare Part B in 2018 is around $ 130 monthly, though the actual cost you will pay will depend on your circumstance.

How do I get help with the cost of Medicare Part B premium?

Although a Medicare plan cannot pay the Medicare Plan B premium, other programs administered by the government can help pay for those costs. Medicare Savings Programs (MSP), for example, is provided by your state Medicaid program and Medicare.

You may qualify for assistance from one of the MSPs in your locality. In this case, you can pay your Part B premium and you may qualify automatically for the cost-effective supply of prescription drugs under the Medicare Part D program. To qualify for an MSP that can help you pay your Part B premium, your income and savings they must be below certain thresholds that vary by state.

Qualified Medicare beneficiaries have four types of MSPs with different income limits: the Medicare Qualified Benefits Program (QMB), the Low Income Medicare Beneficiary Specified Program, and the Qualified Individuals Program (QI).

If you qualify for MSP, you can automatically enroll for the Medicare Part D utility. As a member of the Extra Help Program, you will not pay the deductible or premium for prescription drug coverage and your prescription drug copayment.

Contact your state health care office (Medicaid) to find out if you qualify for an MSP. You can get the mobile number by calling the Medicare hotline. Or contact your National Health Insurance Program, where you can get free personal assistance from trained counselors on all topics related to Medicare and Medicaid.