This video is all about tracking the Part B deductible so you don’t accidentally overpay it. This is especially important if you have Medicare Supplement plan G or Medicare Supplement plan N because you will receive bills from medical providers and you want to make sure you pay only the amount you’re responsible for. Once you overpay, then you have to try and get your money back from the provider. This can lead to stress and time wasted. I’ll show you some great ways you can track the Part B deductible.
The Part B Deductible is actually the medical deductible, so doctor visits, lab work, durable medical equipment are some of the type of claims that are applied towards the Part B deductible.
There are several easy techniques for tracking the Part B deductible. And, it's always a great idea to cross reference using the ideas in this video.
This will help if you get a bill from the provider that includes more than what you think you should pay. Medicare providers will sometimes send a bill and include the Part B coinsurance, so it's important to know what you've already paid.
This video includes a Client Case Study that shows exactly how you can accidentally be overcharged after meeting the Part B deductible.
And as a side note, if you have Medigap Plan N, you'll want to keep your co-pay and deductible information separate.
Overall, keeping track of the Medicare Part B deductible is very easy. It's also time well spent on the front end to avoid overpaying later on. This is especially important if you have Medigap Plan G or Medigap Plan N insurance.