It’s a scan that allows health practitioners to investigate and diagnose conditions in the body’s soft tissues, organs and skeletal system without the need for invasive surgery. Here we reveal how much will Medicare contribute to the cost, and where private health insurance comes into it.Īn MRI (Magnetic Resonance Imaging) is a safe, non-invasive imaging procedure that uses radio waves and a strong magnetic field to photograph inside different parts of the body. MRIs are a non-invasive testing option for diagnosing myriad medical conditions, but they can come at a premium cost.