Medicare D Plan Types Flashcards
True or False: PDP stands for Prescription Drug Plan
False: PDP stands for Part D Plan
True or False: Medicare D is functionally run by the federal government
False: Medicare D is overseen by the federal government, but run by private health insurers.
Navitus currently has clients for four different plan types. Name two.
EGWP
MMP
MAPD
PACE
Navitus handles member calls for ________
EGWP
There are four phases in a standard Medicare D plan year. They are:
a. Deductible, Internal Affairs, Gap, Free-for-All
b. Deductible, Initial Coverage, Donut Hole, Cadillac
c. Deductible, Initial Coverage, Gap, Catatonic
d. Deductible, Initial Coverage, Gap, Catastrophic
The correct answer is D.
The Catastrophic phase is so named because _____
The amount spent by the plan to get to the fourth phase in a single year is considered catastrophic for the plan.
True or False : Some plans will choose to allow their members to bypass the deductible.
True. As far as Medicare is concerned, the Deductible is still happening, however the plan may choose to pick up the difference between the member copay and the cost of the drug.
MMP is _______
Any of the below are correct:
A Medicare-Medicaid plan.
A “Demonstration” plan.
Very rare.
True or False: All Part C plans are MAPD plans.
False : Part C plans MAY include part D, and if so are considered Medicare Advantage Part D plans. However, a Part C plan does not necessarily have to include a part D plan. Thus all MAPD plans are Part C plans, but not all Part C plans are MAPD plans.
PACE plans are ______
Comprehensive coverage plans that are specifically targeted to the most vulnerable medicare members.