#1
What does Medicare Part A cover?
Hospital stays
ExplanationCovers hospitalization expenses.
#2
What is the purpose of Medicare Part B?
Coverage for doctor visits and outpatient services
ExplanationProvides coverage for visits to doctors and outpatient services.
#3
Which Medicare part covers skilled nursing facility care?
Part A
ExplanationPart A provides coverage for skilled nursing facility care.
#4
What is the primary difference between Medicare Part A and Part B?
Part A covers hospital services, while Part B covers doctor visits and outpatient services
ExplanationPart A covers hospital services, while Part B covers doctor visits and outpatient services.
#5
What is the purpose of Medigap policies?
To provide coverage for services not covered by Original Medicare
ExplanationSupplemental policies filling gaps in Original Medicare coverage.
#6
Which part of Medicare covers prescription drugs?
Part D
ExplanationPart D provides coverage for prescription drugs.
#7
Which of the following is NOT true about Medicare?
It covers all medical expenses with no out-of-pocket costs
ExplanationMedicare does not cover all expenses without out-of-pocket costs.
#8
Who is eligible for Medicare?
People with certain disabilities, regardless of age
ExplanationAvailable to individuals with specific disabilities, regardless of age.
#9
What is the 'coverage gap' in Medicare Part D?
A period when you pay higher out-of-pocket costs for prescription drugs
ExplanationA time frame during which prescription drug costs are higher.
#10
When can you enroll in Medicare?
Only when you turn 65 or during a special enrollment period
ExplanationEligible upon turning 65 or during a special enrollment period.
#11
What is the 'Medicare Initial Enrollment Period'?
The period when you can enroll in Medicare Parts A and B for the first time
ExplanationThe initial timeframe for enrolling in Parts A and B.
#12
What services does Medicare Part C cover?
All of the above
ExplanationPart C encompasses multiple services.
#13
What is the 'Medicare Advantage Plan'?
A plan offered by private insurance companies that combines Part A, Part B, and sometimes Part D
ExplanationCombines Parts A, B, and sometimes D, provided by private insurers.
#14
What is the income-based adjustment for Medicare Part B premiums called?
Income-Related Monthly Adjustment Amount (IRMAA)
ExplanationIRMAA is the adjustment for Part B premiums based on income.
#15
What is the income threshold for Medicare Part D's Extra Help program in 2024?
$50,000 for an individual
ExplanationIncome threshold for Part D's Extra Help in 2024: $50,000 for an individual.
#16
What is the penalty for not enrolling in Medicare Part B when first eligible, if you do not have other creditable coverage?
15% of the premium for each year of delay
ExplanationPenalty: 15% of premium/year of delay without creditable coverage.
#17
What is the purpose of the Medicare Savings Program (MSP)?
To provide assistance with paying Medicare premiums, deductibles, and co-insurance
ExplanationAssists with paying Medicare premiums, deductibles, and co-insurance.
#18
What is the Medicare Catastrophic Coverage?
A plan that covers catastrophic medical expenses for Medicare beneficiaries
ExplanationCoverage for catastrophic medical expenses for Medicare beneficiaries.