What Are Medicare Part B Excess Charges?

Contents of this video:
0:00 - Intro
0:34 - What are Medicare Part B Excess Charges
1:11 - Participating vs non-Participating providers
1:31 - What is Medicare Assignment
3:05 - How common are Medicare Excess Charges
3:49 - How Part B Excess Charges work
4:27 - Medicare Supplement Plans that cover Excess Charges
4:57 - States that do not allow Excess Charges

These extra charges come into play with Medicare Part B.

Medicare Supplement Plan F and Plan G cover Part B Excess Charges 100%. Medicare Supplement Plan N does not cover Excess Charges, yet it may still make sense to get this Plan.

One way to avoid Medicare Part B Excess Charges is to make sure your doctors accept Medicare Assignment. This means that they are fully participating in Medicare and cannot balance bill for services.

Other Videos To Watch:

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[kapirk]

Your videos are very helpful. Thank you for making these available, it’s really helping me out of the Medicare confusion.

[kevinramseier]

I'm a Federal Employee covered by FEHB and age 64, I will work till age 67. I am also a dual citizen of the US and Switzerland. At retirement I will move permanently to Switzerland and Medicare will be of no use to me. My plan is to sign up for Medicare Part A soon (as required) and forego Part B after I've retired. In the time between start of retirement and actual move to Switzerland, about 1 year, I will keep my FEHB coverage along with my Medicare Part A. I understand the potential cost increases (10% per year) if I decide to stay in the US but sign up for Medicare Part B outside the enrollment period. My concern is, if at retirement I sign up for Medicare Part B, and then a year or so later move to Switzerland, it will be difficult to stop Medicare Part B premiums from being taken out of my Federal pension (FERS). I would be interested in you opinion. Thank you.