1. Jason GoldenzweigPRO
    Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Haymarket, Virginia
    Part B is your physician insurance - it covers doctor visits, tests, surgeries, preventive services, and supplies including DMEs (durable medical equipment).The Part B deductible is $147 in 2014. You're responsible for about 20% of healthcare expenses covered by Part B - Medicare only covers approximately 80% of the costs.

    Most people who have Part B will also have Part A (your hospital insurance) - Part A is premium-free for most people.

    You may want to consider buying a Medicare supplement plan (a.k.a. Medigap plan) to cover the other 20%.Please feel free to contact me if I can be of further assistance. Thanks very much.
    Answered on May 13, 2014
  2. Insurance Broker | Financial Consultant, Lawrence Insurance Consulting, Southern New Jersey
    Part A covers inpatient hospital stays, skilled nursing facility stays, home health visits (also covered under Part B), and hospice care, and accounted for 32% of benefit spending in 2012.  Part A benefits are subject to a deductible ($1,184 per benefit period in 2013) and coinsurance.
    Part B covers physician visits, outpatient services, preventive services, and home health visits, and accounted for 19% of benefit spending in 2012.  Part B benefits are subject to a deductible ($147 in 2013), and cost sharing generally applies for most Part B benefits.
    Part C refers to the Medicare Advantage program, through which beneficiaries can enroll in a private health plan, such as a health maintenance organization (HMO), and receive all Medicare-covered benefits.  Payments to Medicare Advantage plans to cover Part A and Part B benefits accounted for 23% of benefit spending in 2012.  More than 13 million beneficiaries were enrolled in a Medicare Advantage plan in 2012 (27% of all beneficiaries).
    Part D is the voluntary, subsidized outpatient prescription drug benefit, with additional subsidies for beneficiaries with low incomes and modest assets.  The Part D benefit is offered through private plans that contract with Medicare, both stand-alone prescription drug plans (PDPs) and Medicare Advantage prescription drug plans (MA-PDs).  In 2012, Part D accounted for 10% of benefit spending.  About 32 million beneficiaries were enrolled in a Medicare Part D plan in 2012.
    Answered on October 10, 2013

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