Ch. 3: Medicare Benefit Programs (p. 47)

Question 1

Part A

Answer 1

Hospital Insurance.
Free to beneficiaries if >= 40 covered quarters of Medicare employment. Only Medicare benefit part that is “guaranteed” once beneficiary meets age eligibility requirement.

Question 2

Part B

Answer 2

Medical Insurance.
Requires monthly premium payment by beneficiary (e.g., $170.10 in 2022 for most beneficiaries, but higher for those in higher income brackets).

Question 3

Part C

Answer 3

Medicare Advantage plans.

Question 4

Part D

Answer 4

Prescription drug coverage