#1
What is the purpose of the Medicare Part D Prescription Drug Plan?
To offer prescription drug coverage
ExplanationMedicare Part D provides coverage for prescription drugs, ensuring beneficiaries have access to necessary medications.
#2
Which Medicare program provides coverage for hospital stays and inpatient care?
Medicare Part A
ExplanationMedicare Part A covers hospital stays and inpatient care as part of its hospital insurance benefits.
#3
Which Medicare program covers preventive services such as vaccinations and screenings?
Medicare Part B
ExplanationMedicare Part B includes coverage for preventive services like vaccinations and screenings.
#4
In Medicare, what is the purpose of the Initial Enrollment Period (IEP)?
To enroll in Medicare for the first time
ExplanationThe Initial Enrollment Period (IEP) allows individuals to enroll in Medicare for the first time.
#5
Which Medicare program covers outpatient services and doctor visits?
Medicare Part B
ExplanationMedicare Part B provides coverage for outpatient services and doctor visits.
#6
Which Medicare program is designed to cover prescription drug expenses?
Medicare Part D
ExplanationMedicare Part D is specifically designed to cover prescription drug expenses for beneficiaries.
#7
When can you initially enroll in Medicare?
Anytime
ExplanationEnrollment in Medicare is not restricted to specific periods; you can enroll at any time.
#8
What is the penalty for late enrollment in Medicare Part B?
5% increase in premium for each year of delay
ExplanationLate enrollment in Medicare Part B incurs a 5% premium increase for each year of delay beyond the initial eligibility period.
#9
What is the Medigap Open Enrollment Period?
A six-month period when you can buy any Medigap policy with guaranteed issue
ExplanationThe Medigap Open Enrollment Period allows individuals to purchase any Medigap policy during a six-month window with guaranteed issue, regardless of pre-existing conditions.
#10
Who is eligible for Medicare benefits?
U.S. citizens and permanent residents aged 65 or older
ExplanationMedicare benefits are available to U.S. citizens and permanent residents who are 65 or older.
#11
What is the income-related monthly adjustment amount (IRMAA) in Medicare?
An additional amount added to Medicare premiums based on income
ExplanationIRMAA is an additional amount added to Medicare premiums, determined by income levels.
#12
What is the purpose of the Annual Notice of Change (ANOC) in Medicare Advantage plans?
To notify beneficiaries of changes in their plan's costs and benefits for the upcoming year
ExplanationANOC informs Medicare Advantage plan beneficiaries about changes in costs and benefits for the upcoming year.
#13
Which of the following is true about Medicare Advantage plans?
They may include additional benefits like vision and dental coverage
ExplanationMedicare Advantage plans can offer extra benefits, such as vision and dental coverage, beyond Original Medicare.
#14
During the General Enrollment Period for Medicare, when can coverage begin?
January 1st of the following year
ExplanationCoverage under Medicare for applications during the General Enrollment Period starts on January 1st of the following year.
#15
What is the purpose of the Medicare Savings Program?
To help pay for Medicare premiums, copayments, and deductibles
ExplanationThe Medicare Savings Program assists eligible individuals in covering costs like premiums, copayments, and deductibles associated with Medicare.
#16
During the Special Enrollment Period (SEP), when can you make changes to your Medicare Advantage plan?
When you experience a qualifying life event
ExplanationChanges to Medicare Advantage plans can be made during the Special Enrollment Period (SEP) triggered by qualifying life events.
#17
What is the coordination of benefits (COB) in Medicare?
A process to determine the order of payment when a person has coverage from more than one health insurance plan
ExplanationCOB in Medicare is a process to determine the order of payment when an individual has coverage from multiple health insurance plans.
#18
What is the Low-Income Subsidy (LIS) in Medicare Part D?
A discount on prescription drug costs for qualifying beneficiaries
ExplanationLIS in Medicare Part D offers a discount on prescription drug costs for eligible beneficiaries with low income.