Question

After the annual deductible is met, Medicare Part B will pay ___ of the remaining approved charges?

1) 20 %
2) 40 %
3) 80 %
4) 100 %

Answer 1

Medicare Part B pays 80% of the remaining approved charges after the annual deductible is met, with the insured covering the remaining 20% as coinsurance.

Step-by-step explanation:

After the annual deductible is met, Medicare Part B will pay 80% of the remaining approved charges. The remaining 20% is typically the responsibility of the individual, known as coinsurance. This is a common structure in health insurance plans, where the insurer and insured share costs after the deductible is paid. In the case of Medicare Part B, once the deductible is met, the government pays the majority of the cost, contributing to making healthcare more affordable for Medicare beneficiaries.