#1
When can individuals first enroll in Medicare?
At age 65
ExplanationEnrollment eligibility at age 65.
#2
During which month does the Annual Enrollment Period (AEP) for Medicare occur?
October
ExplanationAnnual enrollment month for Medicare.
#3
During which period can individuals enroll in or make changes to their Medicare Advantage or Medicare prescription drug coverage?
Annual Enrollment Period (AEP)
ExplanationPeriod for altering Medicare Advantage or prescription drug coverage.
#4
What is the initial enrollment period for Medicare?
3 months before turning 65, the month of turning 65, and 3 months after turning 65
ExplanationInitial enrollment window around turning 65.
#5
What is the penalty for late enrollment in Medicare Part B?
10% increase in premium for every year of delay
ExplanationPenalty for delayed enrollment in Medicare Part B.
#6
What is a Special Enrollment Period (SEP) in Medicare?
A period during which individuals can enroll in or make changes to their Medicare coverage outside of the initial enrollment period or other specific enrollment periods
ExplanationFlexibility period for Medicare enrollment outside regular periods.
#7
What is the Medicare Advantage Open Enrollment Period (MA OEP)?
A period during which individuals can change their Medicare Advantage plan or return to Original Medicare
ExplanationPeriod for altering Medicare Advantage plan.
#8
What is the purpose of the Medicare Advantage Disenrollment Period (MADP)?
To allow individuals to disenroll from a Medicare Advantage plan and return to Original Medicare
ExplanationAllows switching from Medicare Advantage to Original Medicare.
#9
Which of the following is NOT a Medicare enrollment period?
Medicare Supplement Enrollment Period (MSEP)
ExplanationIdentifying non-enrollment period in Medicare.