#1
What is the minimum age requirement for Medicare eligibility in the United States?
65 years old
ExplanationMedicare eligibility begins at age 65.
#2
Which part of Medicare covers hospital stays and inpatient care?
Medicare Part A
ExplanationMedicare Part A provides coverage for hospital stays and inpatient care.
#3
Which of the following services is typically covered by Medicare Part B?
Doctor visits
ExplanationMedicare Part B covers services like doctor visits.
#4
During which month does the Annual Enrollment Period (AEP) for Medicare Advantage and Medicare prescription drug coverage take place?
October
ExplanationThe Annual Enrollment Period (AEP) for Medicare takes place in October.
#5
Which government agency administers the Medicare program?
Centers for Medicare & Medicaid Services (CMS)
ExplanationThe Centers for Medicare & Medicaid Services (CMS) administers the Medicare program.
#6
What is the purpose of Medicare Part C, also known as Medicare Advantage?
To offer additional benefits beyond Original Medicare
ExplanationMedicare Part C, or Medicare Advantage, provides additional benefits beyond Original Medicare.
#7
What does Medigap insurance primarily cover?
Costs not covered by Medicare
ExplanationMedigap insurance fills in the gaps of Original Medicare, covering costs not paid by Medicare.
#8
Which enrollment period allows individuals to join, switch, or drop a Medicare Advantage Plan?
Open Enrollment Period (OEP)
ExplanationThe Open Enrollment Period (OEP) allows changes to Medicare Advantage Plans.
#9
What is the penalty for late enrollment in Medicare Part B?
15% of premium for each year of delay
ExplanationLate enrollment in Medicare Part B incurs a penalty of 15% of the premium for each year of delay.
#10
Which Medicare program offers coverage for prescription drugs?
Medicare Part D
ExplanationMedicare Part D provides coverage for prescription drugs.
#11
Which of the following is true regarding Medicare Supplement plans (Medigap)?
They are sold by private insurance companies
ExplanationMedigap plans, supplementing Original Medicare, are sold by private insurance companies.
#12
What is the main purpose of the Special Enrollment Period (SEP) in Medicare?
To allow individuals to make changes to their Medicare coverage outside of the usual enrollment periods
ExplanationThe Special Enrollment Period (SEP) in Medicare allows changes outside of regular enrollment periods.
#13
What is the income-related monthly adjustment amount (IRMAA) for higher-income Medicare beneficiaries?
Additional premium paid for Medicare Part B and Part D
ExplanationIRMAA is an additional premium for higher-income individuals on Medicare Part B and Part D.
#14
What is the 'Welcome to Medicare' preventive visit?
A comprehensive health check-up within the first 6 months of enrolling in Medicare Part B
ExplanationThe 'Welcome to Medicare' visit is a comprehensive health check-up for new Medicare Part B enrollees.
#15
What is the 'donut hole' in Medicare Part D coverage?
A gap in prescription drug coverage where beneficiaries pay higher out-of-pocket costs
ExplanationThe 'donut hole' in Medicare Part D is a gap in coverage where beneficiaries pay higher out-of-pocket costs.
#16
What is the difference between Medicare Advantage and Medigap?
Medicare Advantage provides additional benefits beyond Original Medicare, while Medigap fills in the gaps of Original Medicare coverage.
ExplanationMedicare Advantage offers extra benefits, while Medigap covers gaps in Original Medicare.
#17
What is the purpose of the Medicare Improvement for Patients and Providers Act (MIPPA)?
To improve access to healthcare for Medicare beneficiaries
ExplanationThe Medicare Improvement for Patients and Providers Act (MIPPA) aims to enhance healthcare access for Medicare beneficiaries.