Thousands of people waiting to meet you at FriendFinder personals!

Welcome to Commonsense Financial Planning.

Common sense answers to questions on financial planning, risk management, and investing.

Medicare

Consider What Medicare Does And Does Not Cover

Medicare (Part B) 1998 Medical Insurance - Covered Services Per Calendar Year

Service

Benefit

Medicare Pays

You Pay¹

Medical Expense: Doctors bills, inpatient and outpatient medical services, and supplies, physical therapy, ambulance, etc. Medicare pays for medical services in or out of hospital. 80% of approved amount (after $100 deductible.) 50% of approved charges for most outpatient mental health services. $100 deductable²plus 20% of approved amount and limited charges above approved amount.³ 50% of approved charges for mental health services.

Home Health Care Unlimited, if medically necessary. Full Cost. Nothing

Outpatient Hospital Treatment Unlimited if medically necessary. 80% of approved amount (after $100 deductable2) $100 deductable² plus 20% of balance of approved amount.

Blood Blood 80% of approved amount (after first 3 pints) $100 deductable² plus first 3 pints plus 20% of balance of approved amount.

Note: If the period of hospitalization covers two calendar years no new deductable2 is required for the new year. These figures are for 1998 and are subject to change each year.

You pay for charges higher than the amount approved by Medicare unless the doctor or supplier agrees to accept Medicare's approved amount as the total charge for services rendered.
Once you have had $100 of expense for the covered service s in 1998, the part B deductible does not apply to any further covered services you receive the rest of the year.
Federal law limits the charges for physician services.

Back Next

Home

Send comments or questions to Feedback.

Be sure to read the disclaimer.

Service	Benefit	Medicare Pays	You Pay¹
Medical Expense: Doctors bills, inpatient and outpatient medical services, and supplies, physical therapy, ambulance, etc.	Medicare pays for medical services in or out of hospital.	80% of approved amount (after $100 deductible.) 50% of approved charges for most outpatient mental health services.	$100 deductable²plus 20% of approved amount and limited charges above approved amount.³ 50% of approved charges for mental health services.
Home Health Care	Unlimited, if medically necessary.	Full Cost.	Nothing
Outpatient Hospital Treatment	Unlimited if medically necessary.	80% of approved amount (after $100 deductable2)	$100 deductable² plus 20% of balance of approved amount.
Blood	Blood	80% of approved amount (after first 3 pints)	$100 deductable² plus first 3 pints plus 20% of balance of approved amount.