Medicare supplement LTC NC 2025-2026 |\ |\ |\ |\ |\
ACTUAL EXAM QUESTIONS AND |\ |\ |\ |\
VERIFIED ANSWERS |\ |\
Medicare - CORRECT ANSWERS ✔✔A federal program of health
|\ |\ |\ |\ |\ |\ |\ |\ |\
insurance for persons 65 years of age and older
|\ |\ |\ |\ |\ |\ |\ |\
Medicare is run by - CORRECT ANSWERS ✔✔Centers for Medicare
|\ |\ |\ |\ |\ |\ |\ |\ |\
and Medicaid services of the department of health and human
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
services
Medicare parts A & B are - CORRECT ANSWERS ✔✔Referred to as
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
original Medicare |\
Medicare Part A(Inpatient) is funded - CORRECT ANSWERS ✔✔By
|\ |\ |\ |\ |\ |\ |\ |\ |\
the hospital insurance portion of the FICA payroll tax collected
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
from workers and employers. Also by the premiums paid by
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
individuals who aren't automatically covered by medicare but
|\ |\ |\ |\ |\ |\ |\ |\
wish to purchase it.
|\ |\ |\
This also pays for Medicare part A - CORRECT ANSWERS ✔✔Taxes
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
paid on Social Security benefits
|\ |\ |\ |\ |\
Medicare part B is funded - CORRECT ANSWERS ✔✔Partially by
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
general tax revenues and partially by premiums paid to the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
federal government by Medicare part B beneficiaries
|\ |\ |\ |\ |\ |\
,Part B beneficiary must - CORRECT ANSWERS ✔✔Must pay a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
premium for coverage on like Part a |\ |\ |\ |\ |\ |\
Most part B beneficiaries pay - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\ |\ |\ |\
standard part B premium which may be adjusted each year for
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
inflation
What is the threshold Part B beneficiaries have to a seed for a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
higher premium? - CORRECT ANSWERS ✔✔$85,000 for single
|\ |\ |\ |\ |\ |\ |\ |\
people and $170,000 for married couples filing jointly
|\ |\ |\ |\ |\ |\ |\
Medicare Savings Program - CORRECT ANSWERS ✔✔A state run
|\ |\ |\ |\ |\ |\ |\ |\ |\
programs some low income individuals may qualify for that assist
|\ |\ |\ |\ |\ |\ |\ |\ |\
with paying the cost of Medicare coverage
|\ |\ |\ |\ |\ |\ |\
Qualified Medicare beneficiary(QMB) program - CORRECT
|\ |\ |\ |\ |\ |\
ANSWERS ✔✔A program for those whose monthly income is no
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
more than the federal poverty level plus $20. Helps pay the part
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
B premium and may also help pay a beneficiary's part a premium
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
, Deductibles, coinsurance, and copayments
|\ |\ |\ |\ |\
Specified low-income Medicare beneficiary (SLMB) - CORRECT
|\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔To qualify, a persons Monthly be income is no more
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
than 120% of the federal poverty level plus $20. This program
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
only pays for the part B premium no other Medicare costs
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
qualifying individual (QI) - CORRECT ANSWERS ✔✔To qualify a
|\ |\ |\ |\ |\ |\ |\ |\ |\
persons monthly income is no more than 135% of the federal
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
, Poverty level Plus $20. This program helps pay for only the part B
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
premium
|\
Medicare part C is referred to as - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Medicare advantage |\
Medicare Advantage is - CORRECT ANSWERS ✔✔A combination of
|\ |\ |\ |\ |\ |\ |\ |\
part a and part B coverage plus additional benefits not covered
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
by original Medicare such as hearing or vision care
|\ |\ |\ |\ |\ |\ |\ |\
Medicare part D is funded - CORRECT ANSWERS ✔✔Partially by
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
general tax revenues and partially by premiums paid by part the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
beneficiaries... Like part B |\ |\ |\
Medicare part B premiums are - CORRECT ANSWERS ✔✔Pay to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the provider of the part D plan rather than the federal
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
government unlike part B |\ |\ |\
To be eligible to enroll in Medicare individuals must be - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Age 65 or older, social security disability
|\ |\ |\ |\ |\ |\ |\ |\ |\
beneficiaries (Generally after two years) Are suffering from end-
|\ |\ |\ |\ |\ |\ |\ |\
stage renal disease |\ |\
Enrollment in Medicare part a and B is automatic for - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔People who are already receiving Social Security
|\ |\ |\ |\ |\ |\ |\ |\
benefits
ACTUAL EXAM QUESTIONS AND |\ |\ |\ |\
VERIFIED ANSWERS |\ |\
Medicare - CORRECT ANSWERS ✔✔A federal program of health
|\ |\ |\ |\ |\ |\ |\ |\ |\
insurance for persons 65 years of age and older
|\ |\ |\ |\ |\ |\ |\ |\
Medicare is run by - CORRECT ANSWERS ✔✔Centers for Medicare
|\ |\ |\ |\ |\ |\ |\ |\ |\
and Medicaid services of the department of health and human
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
services
Medicare parts A & B are - CORRECT ANSWERS ✔✔Referred to as
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
original Medicare |\
Medicare Part A(Inpatient) is funded - CORRECT ANSWERS ✔✔By
|\ |\ |\ |\ |\ |\ |\ |\ |\
the hospital insurance portion of the FICA payroll tax collected
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
from workers and employers. Also by the premiums paid by
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
individuals who aren't automatically covered by medicare but
|\ |\ |\ |\ |\ |\ |\ |\
wish to purchase it.
|\ |\ |\
This also pays for Medicare part A - CORRECT ANSWERS ✔✔Taxes
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
paid on Social Security benefits
|\ |\ |\ |\ |\
Medicare part B is funded - CORRECT ANSWERS ✔✔Partially by
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
general tax revenues and partially by premiums paid to the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
federal government by Medicare part B beneficiaries
|\ |\ |\ |\ |\ |\
,Part B beneficiary must - CORRECT ANSWERS ✔✔Must pay a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
premium for coverage on like Part a |\ |\ |\ |\ |\ |\
Most part B beneficiaries pay - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\ |\ |\ |\
standard part B premium which may be adjusted each year for
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
inflation
What is the threshold Part B beneficiaries have to a seed for a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
higher premium? - CORRECT ANSWERS ✔✔$85,000 for single
|\ |\ |\ |\ |\ |\ |\ |\
people and $170,000 for married couples filing jointly
|\ |\ |\ |\ |\ |\ |\
Medicare Savings Program - CORRECT ANSWERS ✔✔A state run
|\ |\ |\ |\ |\ |\ |\ |\ |\
programs some low income individuals may qualify for that assist
|\ |\ |\ |\ |\ |\ |\ |\ |\
with paying the cost of Medicare coverage
|\ |\ |\ |\ |\ |\ |\
Qualified Medicare beneficiary(QMB) program - CORRECT
|\ |\ |\ |\ |\ |\
ANSWERS ✔✔A program for those whose monthly income is no
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
more than the federal poverty level plus $20. Helps pay the part
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
B premium and may also help pay a beneficiary's part a premium
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
, Deductibles, coinsurance, and copayments
|\ |\ |\ |\ |\
Specified low-income Medicare beneficiary (SLMB) - CORRECT
|\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔To qualify, a persons Monthly be income is no more
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
than 120% of the federal poverty level plus $20. This program
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
only pays for the part B premium no other Medicare costs
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
qualifying individual (QI) - CORRECT ANSWERS ✔✔To qualify a
|\ |\ |\ |\ |\ |\ |\ |\ |\
persons monthly income is no more than 135% of the federal
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
, Poverty level Plus $20. This program helps pay for only the part B
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
premium
|\
Medicare part C is referred to as - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Medicare advantage |\
Medicare Advantage is - CORRECT ANSWERS ✔✔A combination of
|\ |\ |\ |\ |\ |\ |\ |\
part a and part B coverage plus additional benefits not covered
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
by original Medicare such as hearing or vision care
|\ |\ |\ |\ |\ |\ |\ |\
Medicare part D is funded - CORRECT ANSWERS ✔✔Partially by
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
general tax revenues and partially by premiums paid by part the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
beneficiaries... Like part B |\ |\ |\
Medicare part B premiums are - CORRECT ANSWERS ✔✔Pay to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the provider of the part D plan rather than the federal
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
government unlike part B |\ |\ |\
To be eligible to enroll in Medicare individuals must be - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Age 65 or older, social security disability
|\ |\ |\ |\ |\ |\ |\ |\ |\
beneficiaries (Generally after two years) Are suffering from end-
|\ |\ |\ |\ |\ |\ |\ |\
stage renal disease |\ |\
Enrollment in Medicare part a and B is automatic for - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔People who are already receiving Social Security
|\ |\ |\ |\ |\ |\ |\ |\
benefits
