HI 00201.020 The Medical Insurance Plan (Part B)
The medical insurance plan, part B, provides protection against the cost of medical and other related services, including physician's services and home health services which are not paid for by part A. It is a voluntary plan; that is, qualified persons must be enrolled in the plan and have the right to refuse to terminate their coverage.
Part B is financed by a monthly premium paid by the enrollees or “third parties” on their behalf (see HIIM chapter 400) and a matching amount paid from general revenues. A separate trust fund has been established for part B receipts and disbursements.