Social Insurance

Question 1

What Medicare part helps pay for inpatient hospital care, inpatient care in a skilled nursing facility, home health care and hospice care?

Answer 1

Part A

Question 2

What is another name for old age, survivors and disability insurance benefits?

Answer 2

Social security

Question 3

At what age do individuals qualify for Medicare?

Answer 3

Age 65

Question 4

If an individual is covered by Medicare, and is also covered by his employer’s health plan, which plan would be considered primary?

Answer 4

The employer plan

Question 5

Who qualifies for Medicaid?

Answer 5

Persons with insufficient income

Question 6

What benefits are provided by Medicare Part C?

Answer 6

Expanded benefits for a fee through private insurance programs such as HMOs or PPOs

Question 7

What Medicare part will cover lab services or diagnostic tests?

Answer 7

Part B

Question 8

What part of Medicare is known as medical insurance?

Answer 8

Part B

Question 9

Who issues Medigap policies?

Answer 9

Private insurers

Question 10

Who is eligible for Part B Medicare?

Answer 10

Part B is optional, and is offered to everyone who enrolls in Part A

Question 11

In which Medicare supplemental policies are the core benefits found?

Answer 11

All plans (A-D)

Question 12

An insured with Medicare part D has reached the initial benefit and must now pay a portion of prescription drug costs. What is the term for this gap in coverage?

Answer 12

The donut hole

Question 13

What is the purpose of Medicare Supplement plans?

Answer 13

To fill in the gaps in Medicare coverage

Question 14

What part of Medicare is known as hospital insurance?

Answer 14

Part A

Question 15

How many pints of blood will be paid for by Medicare Supplement core benefits?

Answer 15

First 3 pints

Question 16

How is part B Medicare funded?

Answer 16

By monthly premiums and from the general revenues of the federal government

Question 17

What benefit is based on a primary insurance amount (PIA)?

Answer 17

Social Security disability benefit

Question 18

What is the required free-look period for Medicare Supplement policies?

Answer 18

30 days

Question 19

What is another name for Medicare Advantage plans?

Answer 19

Part C

Question 20

How many parts does Medicare have?

Answer 20

Four: Parts A - D

Question 21

Medicare Part A will pay for what type of services?

Answer 21

Inpatient hospital care, skilled nursing facility care, home health care, and hospice care

Question 22

What Medicare part provides a prescription drug benefit?

Answer 22

Part D

Question 23

How does someone qualify for Social Security disability income benefits?

Answer 23

The insured must have the proper insured status, meet the definition of disability, and satisfy the waiting period

Question 24

When is the initial enrollment period for Medicare Part A?

Answer 24

When an individual first becomes eligible for Medicare, Starting 3 months before turning age 65 ending 3 months after the 65th birthday