#1
What is Medicare Part A?
Hospital insurance
ExplanationCovers inpatient hospital stays and skilled nursing facility care.
#2
Medicare Advantage Plans are also known as:
Part C
ExplanationCombines coverage of Medicare Part A, B, and often D.
#3
Medicare Part D covers:
Prescription drugs
ExplanationHelps pay for prescription medications.
#4
To be eligible for Medicare, individuals must be:
Either a or b
ExplanationU.S. citizens or legal residents 65+, or younger people with certain disabilities.
#5
Which part of Medicare is automatically provided to most people when they turn 65?
Part A
ExplanationHospital insurance, often premium-free if you or your spouse paid Medicare taxes.
#6
Which part of Medicare requires you to pay a premium?
Part B
ExplanationCovers outpatient care and requires a monthly premium.
#7
Which of the following is NOT covered by Original Medicare?
Long-term care
ExplanationTypically not covered unless it's part of skilled nursing care.
#8
When is the General Enrollment Period for Medicare Part A and Part B?
January 1 - March 31
ExplanationAllows enrollment if you missed the initial enrollment period.
#9
What does the Medicare Part B deductible cover?
Out-of-pocket expenses for doctor's services
ExplanationInitial amount you pay before Medicare starts paying.
#10
Which of the following services is typically covered by Medicare Part A?
Skilled nursing facility care
ExplanationCovers inpatient hospital stays, hospice care, and some home health care.
#11
What is the purpose of Medicare Supplement Insurance (Medigap)?
To help cover Medicare Part A and B out-of-pocket costs
ExplanationFills gaps in coverage such as copayments and deductibles.
#12
What does a Special Enrollment Period allow you to do?
Change your Medicare Advantage and Medicare prescription drug coverage when certain events happen in your life
ExplanationAllows changes outside of standard enrollment periods.
#13
Which of the following is NOT a factor in determining your premium for Medicare Part B?
Whether you smoke
ExplanationFactors include income, late enrollment penalty, and inflation.
#14
What is the late enrollment penalty for Medicare Part D?
A percentage of your Part D premium, calculated based on how long you were without Part D or creditable prescription drug coverage
ExplanationPenalty added to monthly premium if you don't join a drug plan when first eligible.
#15
What is the purpose of the Medicare Savings Programs?
To help low-income individuals or couples pay for Medicare premiums and out-of-pocket medical expenses
ExplanationAssists those with limited income and resources to afford Medicare costs.