#1
What is the purpose of the Medicare Part D Prescription Drug Plan?
To cover hospital expenses
To provide coverage for doctor visits
To offer prescription drug coverage
To cover long-term care services
#2
Which Medicare program provides coverage for hospital stays and inpatient care?
Medicare Part A
Medicare Part B
Medicare Part C
Medicare Part D
#3
Which Medicare program covers preventive services such as vaccinations and screenings?
Medicare Part A
Medicare Part B
Medicare Part C
Medicare Part D
#4
In Medicare, what is the purpose of the Initial Enrollment Period (IEP)?
To enroll in Medicare for the first time
To switch between Medicare Advantage plans
To make changes to Medigap coverage
To update personal information annually
#5
Which Medicare program covers outpatient services and doctor visits?
Medicare Part A
Medicare Part B
Medicare Part C
Medicare Part D
#6
Which Medicare program is designed to cover prescription drug expenses?
Medicare Part A
Medicare Part B
Medicare Part C
Medicare Part D
#7
When can you initially enroll in Medicare?
Anytime
During the Annual Enrollment Period (AEP)
Only after turning 70
Only if you have a pre-existing condition
#8
What is the penalty for late enrollment in Medicare Part B?
5% increase in premium for each year of delay
No penalty for late enrollment
Fixed penalty of $100
10% decrease in coverage for each year of delay
#9
What is the Medigap Open Enrollment Period?
A period to enroll in Medicare for the first time
A time frame to switch between Medicare Advantage plans
A six-month period when you can buy any Medigap policy with guaranteed issue
An annual period to update personal information for Medicare
#10
Who is eligible for Medicare benefits?
Only U.S. citizens
Only individuals aged 65 or older
U.S. citizens and permanent residents aged 65 or older
Only those with a qualifying disability
#11
What is the income-related monthly adjustment amount (IRMAA) in Medicare?
A discount for low-income beneficiaries
An additional amount added to Medicare premiums based on income
A fixed monthly subsidy for all Medicare beneficiaries
A one-time enrollment fee for high-income individuals
#12
What is the purpose of the Annual Notice of Change (ANOC) in Medicare Advantage plans?
To inform beneficiaries about the latest medical advancements
To notify beneficiaries of changes in their plan's costs and benefits for the upcoming year
To provide discounts on prescription drugs
To announce new enrollment periods
#13
Which of the following is true about Medicare Advantage plans?
They are only available to individuals with low income
They replace Original Medicare
They do not cover prescription drugs
They may include additional benefits like vision and dental coverage
#14
During the General Enrollment Period for Medicare, when can coverage begin?
Immediately
Next month
July 1st of the same year
January 1st of the following year
#15
What is the purpose of the Medicare Savings Program?
To provide financial assistance for purchasing Medigap plans
To help pay for Medicare premiums, copayments, and deductibles
To offer discounts on prescription medications
To cover the cost of non-medical services for Medicare beneficiaries
#16
During the Special Enrollment Period (SEP), when can you make changes to your Medicare Advantage plan?
Anytime
Only during the Annual Enrollment Period
Only if you move to a new state
When you experience a qualifying life event
#17
What is the coordination of benefits (COB) in Medicare?
A program to coordinate transportation services for beneficiaries
A process to determine the order of payment when a person has coverage from more than one health insurance plan
A service that helps beneficiaries coordinate appointments with multiple healthcare providers
A discount program for beneficiaries with multiple chronic conditions
#18
What is the Low-Income Subsidy (LIS) in Medicare Part D?
A program for low-income beneficiaries to receive free Medicare coverage
A subsidy to cover the cost of Medigap plans
A discount on prescription drug costs for qualifying beneficiaries
A special enrollment period for low-income individuals