Florida 2 15 Social Insurance All Answers Correct

Florida 2 15 Social Insurance All Answers Correct What Medicare part provides a prescription drugs benefit? Part D An insured with Medicare Part D has reached the initial benefit limit and must now pay a portion of prescription drugs cost. What is the term for this gap in coverage? The donut hole What is another name for Medicare Advantage plans? Who qualifies for Medicare? Part C People 65 years or older, people with permanent kidney failure, person who has been on some social security program for at least 24 month What benefit is based on a primary insurance amount (PIA)? Social Security disability benefit In which Medicare supplement policies are the core benefits found? How many parts does Medicare have? Four: Parts A-D What part of Medicare is known as medical insurance? Part B All plans (A-N) What is another name for Old Age, Survivors, and Disability Insurance benefits? social security If an individual is covered by Medicare and also covered by his employer's health plan, which plan would be considered primary? The employer plan on How is Part B Medicare funded? revenues of the federal government Who qualifies for Medicaid? Part B is funded by monthly premiums and from the general Persons with insufficient income Who issues Medigap policies? Private insurers Part B is optional and offered to everyone who enrolls in Part Who is eligible for Part B Medicare? A What is the required free-look for Medicare Supplement policies? When is the initial enrollment period for Medicare Part A? 30 days When an individual first becomes eligible for Medicare, starting 3 months before turning age 65 and ending 3 months after the 65th birthday What part of Medicare is known as hospital insurance Part A What Medicare part helps pay for inpatient hospital care, inpatient care in a skilled nursing facility, home health care and hospice care? Part A