#1
What is a Medicare Advantage (MA) plan?
A private health insurance plan that provides Medicare benefits
ExplanationMA plan is private insurance providing Medicare benefits.
#2
What type of coverage does a Medicare Advantage plan typically offer?
Both hospital and medical coverage
ExplanationMedicare Advantage offers hospital and medical coverage.
#3
During which period can you enroll in a Medicare Advantage plan?
Annual Enrollment Period (AEP)
ExplanationEnroll in Medicare Advantage during the Annual Enrollment Period.
#4
Which of the following is NOT a consideration when choosing a Medicare Advantage plan?
Race and ethnicity
ExplanationRace and ethnicity are not considerations in choosing a Medicare Advantage plan.
#5
Which government agency administers the Medicare Advantage program?
Centers for Medicare & Medicaid Services (CMS)
ExplanationCMS administers the Medicare Advantage program.
#6
What is the primary difference between Original Medicare and Medicare Advantage?
Network restrictions
ExplanationThe primary difference is network restrictions between Original Medicare and Medicare Advantage.
#7
What is the maximum out-of-pocket limit for Medicare Advantage plans?
$7,550
ExplanationThe maximum out-of-pocket limit for Medicare Advantage plans is $7,550.
#8
What is the star rating system used for Medicare Advantage plans?
To evaluate the quality and performance of plans
ExplanationStar rating system evaluates quality and performance of Medicare Advantage plans.
#9
What happens if you enroll in a Medicare Advantage plan while having a Medigap policy?
You must choose between the two types of coverage
ExplanationEnrolling in both requires choosing between Medicare Advantage and Medigap coverage.
#10
What is the main difference between a Health Maintenance Organization (HMO) and a Preferred Provider Organization (PPO) Medicare Advantage plan?
HMOs have stricter network restrictions than PPOs
ExplanationHMOs have stricter network restrictions compared to PPOs in Medicare Advantage plans.