Chapter 1 - The Aging Population (Cont’d)

Question 1

What is Medicare?

Answer 1

Health insurance program

Medicare provides coverage for various health services for eligible individuals, primarily seniors.

Question 2

What services does Medicare Part A cover?

Answer 2

Hospital and other services

Part A typically covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health care.

Question 3

What does Medicare Part B cover?

Answer 3

Medical visit services and other services

Part B covers outpatient care, preventive services, and some medical supplies.

Question 4

What are Medicare Advantage Plans?

Answer 4

Part C of Medicare

Medicare Advantage Plans are offered by private companies that contract with Medicare to provide Part A and Part B benefits.

Question 5

What is the purpose of Medicare Part D?

Answer 5

Drug plan

Part D provides prescription drug coverage to Medicare beneficiaries.

Question 6

What is Medicaid?

Answer 6

State and federally funded health insurance program

Medicaid assists low-income individuals and families with health care costs.

Question 7

How did the Affordable Care Act impact Medicaid?

Answer 7

Expanded Medicaid

The Affordable Care Act allowed states to expand Medicaid eligibility to cover more low-income individuals.

Question 8

What is long-term care insurance?

Answer 8

Insurance that covers long-term services

Long-term care insurance helps cover the costs of services like nursing home care and personal care at home.