Ch 20: Social Insurance Flashcards

1
Q

Social security system provides a ________ of benefits for retired workers and for workers and their families if a worker is disabled or dies.

A

Minimum floor

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2
Q

Retirement. Enefjts are available for workers who are

A

Fully insured (40 quarters of coverage)

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3
Q

Retirement benefits are paid how often?

A

Monthly

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4
Q

Death/survivor’s benefits begins with a lump sum of how much?

A

$255

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5
Q

Death/survivor benefits are paid only to:

A

Widower or minor children

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6
Q

Black out period in survivor benefits refers to:

A

When no benefits are paid. This gap happens when a widower has a child and benefits stop when the youngest child turns 16, and begins again when the widower turns 60.

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7
Q

For survivor benefits paid to children, what are the requirements?

A

Unmarried under 18, under 19 but full time school, or 18 or older and disabled.

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8
Q

Disability income benefits in social security has the most Shri to definition of disability and does not recognize partial or temporary disabilities. They have a waiting period of how long?

A

5 months

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9
Q

Medicare is administered by:

A

Health care financing administration (HCFA), a division of the department of Heath and human services

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10
Q

Medicare part A begins at age?

A

65

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11
Q

Medicare part A covers:

A

Hospital stays and impatient mental health care, hospice care (rehab excluded)

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12
Q

Medicare part A excludes:

A

Excludes physician services
Excludes prescription drugs
Does not cover first 3 pints of blood

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13
Q

Part b of Medicare covers:

A

Physical devices
Requires monthly premium
After paying deductible, 20% coinsurance

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14
Q

When a person enrolls in Medicare, they will automatically

A

Be enrolled in part A and B

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15
Q

For Medicare, who submits claims to Medicare?

A

The medical provider

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16
Q

Medicare does not cover

A

Long term care

17
Q

For Medicare, the initial enrollment period is

A

7 month period that begins 3 months before turning 65 and 3 months after individual’s 65th Birthday

18
Q

Medicare part B does not cover…

A

Hearing aids