#1
When can you first enroll in Medicare?
At age 65
ExplanationEnrollment starts at age 65.
#2
Which part of Medicare covers hospital stays?
Part A
ExplanationPart A covers hospital stays.
#3
Which part of Medicare covers prescription drugs?
Part D
ExplanationPart D covers prescription drugs.
#4
What does Medicare Part C, also known as Medicare Advantage, combine?
Parts A, B, and D
ExplanationPart C combines A, B, and D.
#5
What is the purpose of Medicare Part D?
Providing coverage for prescription drugs
ExplanationPart D: Coverage for prescription drugs.
#6
What is the initial enrollment period for Medicare?
6 months
ExplanationInitial enrollment period lasts 6 months.
#7
What is the penalty for late enrollment in Medicare Part B?
10% per year
ExplanationLate enrollment penalty is 10% per year.
#8
What is the Medigap open enrollment period?
6 months
ExplanationMedigap open enrollment is 6 months.
#9
During which period can you switch from Original Medicare to a Medicare Advantage Plan?
Medicare Annual Enrollment Period
ExplanationSwitch during Medicare Annual Enrollment Period.
#10
What is the Special Enrollment Period (SEP) for Medicare?
A period when you can make changes to your Medicare coverage outside of the typical enrollment periods
ExplanationSEP: Change coverage outside usual periods.
#11
Which of the following individuals is automatically enrolled in Medicare?
John, who is 68 and receives Social Security benefits
ExplanationJohn, 68, receiving Social Security benefits.
#12
What is the income-related monthly adjustment amount (IRMAA)?
An additional amount added to Medicare premiums for higher-income individuals
ExplanationIRMAA: added to premiums for higher income.
#13
Which of the following is NOT a factor in determining Medicare costs?
Age
ExplanationAge doesn't determine Medicare costs.
#14
What is the income limit for eligibility for the Medicare Savings Programs (MSPs)?
150% of the federal poverty level (FPL)
ExplanationMSP eligibility: 150% of FPL.
#15
Which of the following is TRUE about Medicare Part A coverage?
It requires a monthly premium for most people
ExplanationPart A requires a monthly premium for most.