The Part B monthly premium will be $164.90 next year, a decline of $5.20 or about 3%, according to the Federal Centers for Medicare and Medicaid Services. Medicare Part B covers numerous items, including doctor visits and outpatient services like lab tests and diagnostic screening.
The term “Original Medicare” refers to Medicare Part A and Part B. Part A helps cover the cost of hospital-related care, including inpatient services, lab tests and surgery. Part B is the medical insurance component of Medicare, which helps cover doctor visits, outpatient care and certain preventive services. The federal government administers both Part A and Part B.