Medicare

Question 1

Covers inpatient hospital stays, care in a skilled nursing facility, hospice care and some health care

Answer 1

Medicare Part A

Question 2

Covers certain doctors services, outpatient care, medical supplies and preventative services

Answer 2

Medicare part B

Question 3

a type of medicare health care plan offered by a private company that contracts with medicare

Answer 3

Medicare advantage plan Part C

Question 4

Helps cover the cost of prescription drugs (including many recommended shots or vaccines )

Answer 4

Medicare Part D

Question 5

• Hospital, skilled nursing home care, hospice care, home health care
• funded with payroll taxes
• premium free unless insufficient time working (< 10 years)
• premium range 2023 ($278-506/mo)
• penalty for not signing up when eligible if you are paying the premium
• may see any provider that takes medicare patients

Answer 5

Part A

Question 6

• Outpatient care services or supplies to diagnose or treat medical conditions (e.g doctor’s visits)
• preventive services
• limited outpatient prescription drugs
• outpatient care premium charged per month. Can be deducted from your social security payment ($164.90/mo)
• premium penalty for not enrolling when eligible (at 65 or 8-months post job retirement)

Answer 6

Part B

Question 7

• Alternative to original medicare A &B by private companies
• must provide all of Part A and Part B, but could provide more benefits; most include a prescription drug benefit that substitutes for Part D. Usually includes other benefits vision, dental, hearing services
• must use providers in plan network

Answer 7

Part C

Question 8

• Covers prescription medications
• patient must enroll (not automatic)
• adds drug coverage beyond Part B
• must have part A and/or B to be eligible for Part D
• late enrollement penalty for late sign up

Answer 8

Part D (prescription drug plan)