When is the Part B deductible paid?

When is the Part B deductible paid?

• A. Part B deductible is paid when you first use services for the year.
• B. Part B deductible is paid monthly.
• C. Part B deductible is paid every six months.
• D. The Part B deductible is paid each year before Part B coverage begins; after which coinsurance applies.

Answer: (D)

The essential idea is that the Part B deductible is an annual amount you must pay each year before Medicare Part B starts paying its share of covered services. It resets every year, so you begin again new year with the deductible. It isn’t paid monthly or every six months, and it isn’t satisfied just by paying when you first use a service. Once you’ve met the yearly deductible, Medicare Part B coverage kicks in and you typically pay coinsurance for most services (with Medicare covering the remainder). This is why the correct understanding is that the deductible is paid each year before Part B coverage begins, after which coinsurance applies.

The essential idea is that the Part B deductible is an annual amount you must pay each year before Medicare Part B starts paying its share of covered services. It resets every year, so you begin again new year with the deductible. It isn’t paid monthly or every six months, and it isn’t satisfied just by paying when you first use a service. Once you’ve met the yearly deductible, Medicare Part B coverage kicks in and you typically pay coinsurance for most services (with Medicare covering the remainder). This is why the correct understanding is that the deductible is paid each year before Part B coverage begins, after which coinsurance applies.