Started on Tuesday, July 11, 2023, 7:40 PM
State Finished
Completed on Tuesday, July 11, 2023, 8:11 PM
Time taken 30 mins 16 secs
Points 20.00/20.00
Grade 100.00 out of 100.00
Feedback You have completed this Knowledge Check. To proceed, please return to the
training
MODULE 1
Question 1
Correct
Mr. Diaz continued working with his company and was insured under his employer’s group
plan until he reached age 68. He has heard that there is a premium penalty for those who
did not sign up for Part B when first eligible and wants to know how much he will have to
pay. What should you tell him?
Question 1Select one:
a.
The penalty will be a permanent 10% increase in his Part B premium for every 12-month
period that passed during which he could have enrolled and did not.
b.
During the first year, he is covered under Part B, his premiums will be 10% higher than they
otherwise would be, after which point they will return to normal.
c.
Mr. Diaz will pay a penalty, which will be a flat amount each year, paid during the first month
of coverage.
d.
Mr. Diaz will not pay any penalty because he had continuous coverage under his employer’s
plan.
Correct: Individuals with coverage based on their own current employment are not subject
to the late enrollment penalty.
Source: Part 1, Slide -- Medicare Premium for Part B: Payment Mechanisms and Penalties
Question 2
Correct
Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be
of assistance?
Question 2Select one:
a.
She can apply to the Medicare agency for lower premiums and cost-sharing. b.
She should not sign up for a Medicare Advantage plan. c.
She should only seek help from private organizations to cover her Medicare costs. d.
, She should contact her state Medicaid agency to see if she qualifies for one of several
programs that can help with Medicare costs for which she is responsible.
Correct: Mrs. Park can apply for programs through her State Medicaid office that could assist
with her Medicare costs, such as Medicare Savings Programs, Part D low-income subsidies,
and Medicaid.
Source: Module 1, Slide - Help for Individuals with Limited Income/Resources
Question 3
Correct
Agent John Miller is meeting with Jerry Smith, a new prospect. Jerry is currently enrolled in
Medicare Parts A and B. Jerry has also purchased a Medicare Supplement (Medigap) plan
which he has had for several years. However, the plan does not provide drug benefits. How
would you advise Agent John Miller to proceed?
Question 3Select one:
a.
Tell prospect Jerry Smith that he should keep his Medigap plan but he should supplement his
healthcare coverage by purchasing a Medicare Advantage plan that offers prescription drug
coverage (MA-PD).
b.
Tell prospect Jerry Smith that he should drop his Medigap coverage and put those premium
dollars toward the purchase of a standalone Part D prescription drug plan because he can
always reactivate his Medigap policy on a guaranteed issue basis. Furthermore, because he
has had Medigap Jerry will not incur a Part D late enrollment penalty.
c.
Tell prospect Jerry Smith that he should consider adding a standalone Part D prescription
drug coverage policy to his present coverage.
Correct: Agent John Miller can help prospect Jerry select a standalone Part D prescription
drug plan that complements his current Original Medicare and Medigap coverage.
Alternatively, Agent Miller can suggest that Jerry drop his Medigap coverage and enroll in a
MA-PD plan.
d.
Tell prospect Jerry Smith that Medigap is simply a variation of a Medicare Advantage plan
and
the companies John represents offer more comprehensive coverage for a lower price.
Source: Module 1, Slide - Medigap (Medicare Supplement Insurance) and Slide - Medigap is
NOT
Question 4
Correct
Mr. Xi will soon turn age 65 and has come to you for advice as to what services are
provided under Original Medicare. What should you tell Mr. Xi that best describes the
health coverage provided to Medicare beneficiaries?
Question 4Select one:
a.
State Finished
Completed on Tuesday, July 11, 2023, 8:11 PM
Time taken 30 mins 16 secs
Points 20.00/20.00
Grade 100.00 out of 100.00
Feedback You have completed this Knowledge Check. To proceed, please return to the
training
MODULE 1
Question 1
Correct
Mr. Diaz continued working with his company and was insured under his employer’s group
plan until he reached age 68. He has heard that there is a premium penalty for those who
did not sign up for Part B when first eligible and wants to know how much he will have to
pay. What should you tell him?
Question 1Select one:
a.
The penalty will be a permanent 10% increase in his Part B premium for every 12-month
period that passed during which he could have enrolled and did not.
b.
During the first year, he is covered under Part B, his premiums will be 10% higher than they
otherwise would be, after which point they will return to normal.
c.
Mr. Diaz will pay a penalty, which will be a flat amount each year, paid during the first month
of coverage.
d.
Mr. Diaz will not pay any penalty because he had continuous coverage under his employer’s
plan.
Correct: Individuals with coverage based on their own current employment are not subject
to the late enrollment penalty.
Source: Part 1, Slide -- Medicare Premium for Part B: Payment Mechanisms and Penalties
Question 2
Correct
Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be
of assistance?
Question 2Select one:
a.
She can apply to the Medicare agency for lower premiums and cost-sharing. b.
She should not sign up for a Medicare Advantage plan. c.
She should only seek help from private organizations to cover her Medicare costs. d.
, She should contact her state Medicaid agency to see if she qualifies for one of several
programs that can help with Medicare costs for which she is responsible.
Correct: Mrs. Park can apply for programs through her State Medicaid office that could assist
with her Medicare costs, such as Medicare Savings Programs, Part D low-income subsidies,
and Medicaid.
Source: Module 1, Slide - Help for Individuals with Limited Income/Resources
Question 3
Correct
Agent John Miller is meeting with Jerry Smith, a new prospect. Jerry is currently enrolled in
Medicare Parts A and B. Jerry has also purchased a Medicare Supplement (Medigap) plan
which he has had for several years. However, the plan does not provide drug benefits. How
would you advise Agent John Miller to proceed?
Question 3Select one:
a.
Tell prospect Jerry Smith that he should keep his Medigap plan but he should supplement his
healthcare coverage by purchasing a Medicare Advantage plan that offers prescription drug
coverage (MA-PD).
b.
Tell prospect Jerry Smith that he should drop his Medigap coverage and put those premium
dollars toward the purchase of a standalone Part D prescription drug plan because he can
always reactivate his Medigap policy on a guaranteed issue basis. Furthermore, because he
has had Medigap Jerry will not incur a Part D late enrollment penalty.
c.
Tell prospect Jerry Smith that he should consider adding a standalone Part D prescription
drug coverage policy to his present coverage.
Correct: Agent John Miller can help prospect Jerry select a standalone Part D prescription
drug plan that complements his current Original Medicare and Medigap coverage.
Alternatively, Agent Miller can suggest that Jerry drop his Medigap coverage and enroll in a
MA-PD plan.
d.
Tell prospect Jerry Smith that Medigap is simply a variation of a Medicare Advantage plan
and
the companies John represents offer more comprehensive coverage for a lower price.
Source: Module 1, Slide - Medigap (Medicare Supplement Insurance) and Slide - Medigap is
NOT
Question 4
Correct
Mr. Xi will soon turn age 65 and has come to you for advice as to what services are
provided under Original Medicare. What should you tell Mr. Xi that best describes the
health coverage provided to Medicare beneficiaries?
Question 4Select one:
a.
