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TeachMeFinance.com - explain Part B Of Medicare Part B Of Medicare The term 'Part B Of Medicare ' as it applies to the area of Medicare in the United States can be defined as 'Medicare Supplementary Medical Insurance also referred to as 'SMI.' Medicare insurance that pays for inpatient hospital stay, care in a skilled nursing facility, home health care, and hospice care. Part B is the supplementary or 'physicians' insurance portion of Medicare. It was established by 1831 of the Title XVIII of the Social Security Act of 1965 as amended, and covers services of physicians/other suppliers, outpatient care, medical equipment and supplies, and other medical services not covered by the hospital insurance part of Medicare'. Previous 5 Terms: Part A (Medicare) Part A Of Medicare Part A Premium Part B (Medical Insurance) Part B (Medicare) Next 5 Terms: parthenian Parthenogenesis parthenogenesis parthenology parthophobia About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.