FL - 240 EXAM QUESTIONS AND ANSWERS
The waiting period for a pre-existing condition under a Medicare Supplement policy may
NOT go beyond? - Answer -6 Months
What is Medicare Part A? - Answer -Hospital Insurance
What does Medicare Part A cover? - Answer -Inpatient hospital care
Skilled nursing facility care
Hospice care
Some home health care
What is Medicare Part B? - Answer -Medical Insurance
What does Medicare Part B cover? - Answer -Doctor visits
Outpatient care
Preventive services
Durable medical equipment
Some home health care
What is Medicare Part C? - Answer -Medicare Advantage Plans ( private )
What does Medicare Part C cover? - Answer -Combines Part A and Part B coverage
Often includes vision, dental, and hearing
What is Medicare Part D? - Answer -Prescription Drug Coverage
What does Medicare Part D cover? - Answer -Prescription Medications
Preventive Vaccines
What is Medigap (Medicare Supplement)? - Answer -Private health insurance designed
to supplement Original Medicare (Part A and Part B)
What does Medigap (Medicare Supplement) cover? - Answer -Copayments
Coinsurance
Deductibles
What is an Inspection Report? - Answer -A detailed report used by insurance
companies to assess the risk of insuring an individual
Often includes personal history, financial status, lifestyle, and any relevant background
information
What is Major Medical Insurance? - Answer -Health insurance that provides coverage
for serious illnesses & injuries requiring extensive medical care
The waiting period for a pre-existing condition under a Medicare Supplement policy may
NOT go beyond? - Answer -6 Months
What is Medicare Part A? - Answer -Hospital Insurance
What does Medicare Part A cover? - Answer -Inpatient hospital care
Skilled nursing facility care
Hospice care
Some home health care
What is Medicare Part B? - Answer -Medical Insurance
What does Medicare Part B cover? - Answer -Doctor visits
Outpatient care
Preventive services
Durable medical equipment
Some home health care
What is Medicare Part C? - Answer -Medicare Advantage Plans ( private )
What does Medicare Part C cover? - Answer -Combines Part A and Part B coverage
Often includes vision, dental, and hearing
What is Medicare Part D? - Answer -Prescription Drug Coverage
What does Medicare Part D cover? - Answer -Prescription Medications
Preventive Vaccines
What is Medigap (Medicare Supplement)? - Answer -Private health insurance designed
to supplement Original Medicare (Part A and Part B)
What does Medigap (Medicare Supplement) cover? - Answer -Copayments
Coinsurance
Deductibles
What is an Inspection Report? - Answer -A detailed report used by insurance
companies to assess the risk of insuring an individual
Often includes personal history, financial status, lifestyle, and any relevant background
information
What is Major Medical Insurance? - Answer -Health insurance that provides coverage
for serious illnesses & injuries requiring extensive medical care
