What Is Medicare Part B Fee Schedule? 
Medicare Part B schedule is the amount Medicare will pay a provider for a covered procedure . For example , a certain surgery may cost $ 1000 but Medicare will only approve $ 500 on that particular surgery . You are responsible for 20 % of the Medicare approved amount , Medicare pays 80 % . You will receive an explanation of benefits from Medicare showing the approved amount and what your responsibility would be , based upon the fee schedule . 