Does Medicare Owe Me $164.90 for Medicare Part B premium? We understand that Medicare can be complicated to navigate, and it’s not uncommon for beneficiaries to miss out on benefits to which they’re entitled. One such benefit is the Medicare Part B deductible, which is $226 in 2023. If you’re looking to maximize your Medicare benefits, it’s important to know how to get the most out of your coverage. In this article, we’ll explain how you can get $164.90 back from Medicare and maximize your Medicare benefits.
Step 1: Understand the Medicare Part B Deductible
The Medicare Part B deductible is an annual amount that beneficiaries must pay before Medicare Part B starts paying for covered medical services. In 2023, the Part B deductible is $226. Once you meet your deductible, you’ll typically pay 20% of the Medicare-approved amount for most covered medical services.
Step 2: Services Count Toward the Deductible
Not all Medicare-covered services count toward the Part B deductible. Some services, such as annual wellness visits, mammograms, and certain preventive screenings, are covered in full and do not require a deductible. However, many other services, such as doctor visits, lab tests, and imaging services, do require you to pay the Part B deductible before Medicare pays its share.
Step 3: Check Your Claims Summary
If you’ve already paid your Medicare Part B deductible for the year, you may be entitled to a refund if Medicare later pays for services that were subject to the deductible. To find out if you’re owed a refund, you can check your Medicare claims summary. This summary will show you which services were subject to the deductible and how much you paid out of pocket.
Step 4: File a Claim for the Refund
If you’ve determined that you’re owed a refund from Medicare, you’ll need to file a claim to receive it. You can file a claim by completing Form CMS-1490S, which is available on the Medicare website. Be sure to include all the necessary information, including your name, Medicare number, and the dates of service for which you’re claiming the refund.
Step 5: Follow Up on Your Claim
After you submit your claim, it may take several weeks for Medicare to process it and issue your refund. If you haven’t received your refund within a reasonable amount of time, you can call Medicare’s toll-free customer service line at 1-800-MEDICARE (1-800-633-4227) to check on the status of your claim.
Understanding the Medicare Part B deductible and which services count toward it can help you maximize your Medicare benefits and potentially get money back from Medicare. By following the steps outlined in this article, you can determine if you’re owed a refund from Medicare and file a claim to receive it. If you have any questions about your Medicare coverage, be sure to speak with a qualified Medicare professional.
