part B
(redirected from Part B prospectus)Also found in: Dictionary, Financial.
part B
Managed care A component of the Medicare reimbursement system–US that provides supplementary payments for medical services and supplies that are not covered under part A; part B is voluntary, covers physician fees and individual provider services; it is financed partly by monthly premiums paid by enrollees and partly by the federal government. See Medicare, Part A, Participation, TEFRA. Cf Medicaid.McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.