#1
When can you first enroll in Medicare?
At age 65
ExplanationEnrollment eligibility age.
#2
Which Medicare part covers hospital stays?
Part A
ExplanationHospital coverage.
#3
What is the initial enrollment period for Medicare?
3 months before, the month of, and 3 months after your 65th birthday
ExplanationInitial eligibility window.
#4
What is the penalty for late enrollment in Medicare Part B?
10% for each year you could have been enrolled
ExplanationLate enrollment consequence.
#5
What is the difference between Medicare Part C and Original Medicare?
Part C is managed by private insurance companies, while Original Medicare is managed by the government.
ExplanationAdministration variation.
#6
What is the Medicare Advantage Open Enrollment Period?
Both b and c
ExplanationScope of enrollment.
#7
Which of the following is NOT a factor that can affect Medicare costs?
Smoking habits
ExplanationNon-influential cost factor.
#8
During which period can you make changes to your Medicare coverage for the upcoming year?
October 15 - December 7
ExplanationAnnual enrollment timeframe.
#9
Which of the following is true about Medigap policies?
They are sold by private insurance companies.
ExplanationSales channel for Medigap.
#10
What does Medicare Part D cover?
Prescription drugs
ExplanationCoverage for prescription medications.
#11
What is the income limit for receiving extra help with Medicare prescription drug plan costs (Part D)?
$25,000
ExplanationIncome threshold for assistance.
#12
What is the purpose of Medigap insurance?
To provide additional coverage not offered by Original Medicare
ExplanationSupplemental coverage intent.
#13
Which of the following is NOT a Medicare Advantage plan type?
Prescription Drug Plan (PDP)
ExplanationExclusion from plan types.
#14
What is the penalty for late enrollment in Medicare Part D?
10% of the national base beneficiary premium for every year you were eligible but didn't enroll
ExplanationLate enrollment consequence for Part D.
#15
What is the purpose of the Medicare Improvements for Patients and Providers Act (MIPPA)?
All of the above
ExplanationLegislation objectives.
#16
Which of the following statements about Medigap plans is true?
Medigap plans are standardized across different insurance companies.
ExplanationStandardization of Medigap.