Coronavirus is all over the news lately, and for good reason. Dr. Brian Monahan, the attending physician of Congress and the U.S. Supreme Court, said he expects 70 million to 150 million people in the U.S. will become infected. People over 60 are at higher risk for serious complications from the disease, such as hospitalization or pneumonia.
The Good News: Congress passed legislation covering people’s costs for getting tested
Tests for the coronavirus ordered by a health care provider who accepts Medicare are covered under Part B (outpatient services). This is the case if you are enrolled in traditional Medicare or Medicare Advantage. Co-pay and deductible amounts for the test have been waived, along with associated services such as physician visits or hospital observation.
The Bad News: Not all medical expenses are covered
As infectious disease rapidly spreads within the United States, questions have arisen over the potential costs people may face if they become severely ill and need treatment. To address these concerns, many large private insurers have agreed to waive copayments and deductibles for testing. However, America’s Health Insurance Plans (AHIP) clarified that the out-of-pocket costs for treatment such as hospitalizations would not be waived, meaning the individuals health plan would have to cover these costs.
Medicare only covers 80% of your medical bills. Medicare Supplement plans help cover the other 20%
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