Part B of Medicare is your medical (out-patient). Once you have chosen to elect Part B, there will be a monthly premium (average premium $144). Part B will cover 80% of your costs and you are responsible for the remaining 20% and a annual deductible of $198 (2020).
Hospital Indemnity
We will share stories of our experiences with Medicare.
Part A is your hospitalization
coverage and the
first part of
Medicare you
will receive.
Part B is your
medical or out-
patient. Which
you receive
once you have elected it.
Part C is known
as a Medicare Advantage
Plan or MAPD.
Part D is your
stand alone
prescription drug
plan. They are government run.