Final answer:
Medicare Part B pays an optional insurance system that covers health-care costs outside of hospital stays for physician services, medical tests, and outpatient visits 100% of the approved amount for services and 80% of the approved amount for durable medical equipment, with the recipient responsible for the remaining 20%.
Step-by-step explanation:
Medicare Part B is an optional insurance system that covers health-care costs outside of hospital stays for physician services, medical tests, and outpatient visits. It requires participants to pay a monthly fee, deductible charges, and copayments. The government contributes about three-fourths of the overall costs. For services, Medicare Part B pays 100% of the approved amount, meaning you pay nothing. However, for durable medical equipment, Medicare Part B pays 80% of the approved amount, and you are responsible for the remaining 20%.
health-care costs outside of hospital stays for physician services, medical tests, and outpatient visits. It requires participants to pay a monthly fee, deductible charges, and copayments. The government contributes about three-fourths of the overall costs. For services, Medicare Part B pays 100% of the approved amount, meaning you pay nothing. However, for durable medical equipment, Medicare Part B pays 80% of the approved amount, and you are responsible for the remaining 20%.