Q:

What is the purpose of Medicare form CMS-40B?

A:

Quick Answer

Seniors use Medicare Form CMS-40B to apply for Medicare Part B medical insurance, reports the Social Security Administration. Seniors eligible to receive Medicare Part A hospital insurance without paying premiums use Form CMS-40B, while seniors who only want to enroll in Medicare Part B use a different form. Once seniors complete the form, they mail it or deliver it in person to the local Social Security office.

Continue Reading
Related Videos

Full Answer

Seniors use Form CMS-40B if they did not sign up for optional Medicare Part B supplementary medical insurance on their initial Medicare applications, if they turned down Medicare Part B after automatic enrollment, if they terminated Medicare Part B after initially enrolling in it or if they lost Medicare Part B coverage because they did not pay the premiums, explains the SSA. Once seniors miss their initial enrollment periods for Medicare Part B or terminate their coverage for any reason, they can only submit Form CMS-40B to initiate or renew coverage during specified yearly enrollment periods.

People who pay Medicare taxes while working receive premium-free Medicare Part A hospital insurance, according to Medicare.gov. However, everyone must pay monthly premiums for Medicare Part B supplementary medical insurance. Although most people make standard premium payments, people whose modified adjusted gross incomes are above a stipulated amount pay more.

Learn more about Insurance

Related Questions

Explore