Insurance Medicare, Medigap & Social Security Benefits

Question 1

Which part of Original Medicare covers physician services and outpatient care?

Accepted Answer

Part B

Answer

Part A covers inpatient hospital care, skilled nursing and hospice. Part B covers medically necessary physician services, outpatient care and preventive services.

Question 2

At what age do most people become eligible for Medicare based on age?

Accepted Answer

65

Answer

Most people become eligible for Medicare at age 65. Younger people may qualify through disability or certain conditions such as end-stage renal disease.

Question 3

The Medigap open enrollment period lasts how long, beginning when the person is 65 or older and enrolled in Part B?

Accepted Answer

6 months

Answer

During the 6-month Medigap open enrollment period, insurers must sell a Medigap policy to the applicant regardless of health status, and they cannot charge more because of health conditions.

Question 4

Which part of Medicare provides prescription drug coverage through private plans?

Accepted Answer

Part D

Answer

Medicare Part D is the outpatient prescription drug benefit, delivered through private insurers. Part C (Medicare Advantage) may also include drug coverage but is a different program.

Question 5

Medicare Part C, also known as Medicare Advantage, is:

Accepted Answer

A program offering Medicare benefits through private plans such as HMOs and PPOs

Answer

Medicare Advantage plans are offered by private insurers approved by Medicare. They cover Part A and B benefits and often include extras such as drug coverage.

Insurance Practice Test

Insurance Practice Test

Insurance Medicare, Medigap & Social Security Benefits