What percentage of healthcare costs does Medicare typically cover?

Medicare typically covers around 80% of healthcare costs for services that fall under Part B of the program. This coverage generally includes outpatient services, physician visits, and some preventive services. Beneficiaries are typically responsible for the remaining 20%, which often involves copayments, coinsurance, and deductibles.

It is important to note that while Medicare provides substantial coverage, it does not cover all medical expenses, which is why many beneficiaries choose to purchase additional insurance, such as Medigap policies or Medicare Advantage plans, to help cover those out-of-pocket costs.