MEDICARE FINAL EXAM ACTUAL QUESTIONS AND
ANSWERS RATED A+
✔✔State Funded Program - ✔✔Benefits and access will vary from state to state; some
states are more generous than others
✔✔Federal Poverty Line - ✔✔A numeric amount that if a person makes below it you are
considered to be in poverty based on household size and income; Originally calculated
based on the cost of food
✔✔Discretionary Spending - ✔✔eligible people are not entitled to the program and can
be turned away
✔✔earmarked taxes - ✔✔taxes set aside for a particular purpose (ie Medicare)
✔✔When was Medicare established? - ✔✔1965
✔✔How many people are covered by Medicare? - ✔✔55 million people, including 46
million ages 65 and older and 9 million younger people with permanent disabilities
✔✔Who is eligible for Medicare?* - ✔✔1. People age 65 and older.
2. People under age 65 after 24 months of receiving Social Security Disability Insurance
(SSDI) payments, or if they have end-stage renal disease (ESRD) or amyotrophic
lateral sclerosis (ALS, also known as Lou Gehrig's disease)
✔✔Public Health Insurance* - ✔✔**coverage provided by a government and funded
with public money.
✔✔Private Health Insurance* - ✔✔**coverage provided by a health plan provided
through an employer or union or purchased by an individual from a private company.
✔✔What's an entitlement program?* - ✔✔a program where if you meet the criteria and
choose to enroll you cannot be turned away or rejected from the program; means that
there is little control over the spending on the program since they cant turn people away
✔✔Is Medicare an entitlement program?* - ✔✔Yes and so is Medicaid. CHIP is not.
✔✔Who is covered under Medicare?* - ✔✔The program covers all those who are
eligible regardless of their health status, medical conditions, or incomes.
✔✔How is Medicare financed?* - ✔✔Funding comes primarily from general revenues
(41%) and payroll taxes (38%), and by premiums paid by beneficiaries (13%)
ANSWERS RATED A+
✔✔State Funded Program - ✔✔Benefits and access will vary from state to state; some
states are more generous than others
✔✔Federal Poverty Line - ✔✔A numeric amount that if a person makes below it you are
considered to be in poverty based on household size and income; Originally calculated
based on the cost of food
✔✔Discretionary Spending - ✔✔eligible people are not entitled to the program and can
be turned away
✔✔earmarked taxes - ✔✔taxes set aside for a particular purpose (ie Medicare)
✔✔When was Medicare established? - ✔✔1965
✔✔How many people are covered by Medicare? - ✔✔55 million people, including 46
million ages 65 and older and 9 million younger people with permanent disabilities
✔✔Who is eligible for Medicare?* - ✔✔1. People age 65 and older.
2. People under age 65 after 24 months of receiving Social Security Disability Insurance
(SSDI) payments, or if they have end-stage renal disease (ESRD) or amyotrophic
lateral sclerosis (ALS, also known as Lou Gehrig's disease)
✔✔Public Health Insurance* - ✔✔**coverage provided by a government and funded
with public money.
✔✔Private Health Insurance* - ✔✔**coverage provided by a health plan provided
through an employer or union or purchased by an individual from a private company.
✔✔What's an entitlement program?* - ✔✔a program where if you meet the criteria and
choose to enroll you cannot be turned away or rejected from the program; means that
there is little control over the spending on the program since they cant turn people away
✔✔Is Medicare an entitlement program?* - ✔✔Yes and so is Medicaid. CHIP is not.
✔✔Who is covered under Medicare?* - ✔✔The program covers all those who are
eligible regardless of their health status, medical conditions, or incomes.
✔✔How is Medicare financed?* - ✔✔Funding comes primarily from general revenues
(41%) and payroll taxes (38%), and by premiums paid by beneficiaries (13%)
