Social Insurance Programs Flashcards
7 cards from real EXAMFX practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Social Insurance Programs flashcards as text
Medicare Part A primarily provides coverage for which of the following?
Answer: Hospital inpatient care
Medicare Part A is the hospital insurance component that covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health care.
At what age does an individual typically become eligible for Medicare coverage?
Answer: 65
Medicare eligibility generally begins at age 65 for U.S. citizens and permanent residents who meet the work history requirements.
Which of the following best describes Medicare Part B?
Answer: Supplemental medical insurance covering outpatient services
Medicare Part B is voluntary supplemental medical insurance that covers outpatient services, physician visits, and preventive care, requiring a monthly premium.
Medicaid is jointly funded by the federal government and which other entity?
Answer: State governments
Medicaid is a joint federal-state program where both the federal government and individual state governments share funding responsibilities.
Which Medicare part covers prescription drug benefits?
Answer: Part D
Medicare Part D provides outpatient prescription drug coverage and was introduced by the Medicare Modernization Act of 2003, effective 2006.
What is the primary eligibility criterion for Medicaid coverage?
Answer: Low income and limited resources
Medicaid is a needs-based program that primarily serves individuals and families with low incomes and limited financial resources.
Medicare Advantage (Part C) plans are required to cover at minimum which services?
Answer: All services covered under Original Medicare Parts A and B
Medicare Advantage plans must cover at minimum all the benefits provided under Original Medicare Parts A and B, though they may also offer additional benefits.