Medicare Supplements Exam Bundle

Medicare & Medicaid - Answer--Medicare and Medicaid are two governmental programs that provide medical and health-related services to specific groups of people -Although the two programs are very different, they are both managed by the Centers for Medicare and Medicaid Services, a division of the U...

Standardized Medicare Supplement Coverage Requirements - Answer-The NAIC Model Law, with respect to Medicare supplement policies, was amended to revise the standardized Medicare Supplement plans delivered or issued for delivery in any state. Plans A, B, C, D, F, F with High Deductible, G, K, L, M, a...

Following hospitalization because of an accident, Bill was confined in a skilled nursing facility. Medicare will pay full benefits in this facility for how many days? A) 100 B) 80 C) 3 D) 20 - Answer-D) 20 All of the following qualify for Medicare Part A EXCEPT A) Anyone that qualifies throu...

ABN - Answer-advance beneficiary notice GEP - Answer-general enrollment period Medicare Advantage - Answer-Medicare Part C Medicare Hospital Insurance - Answer-Medicare Part A Medicare Medical Insurance - Answer-Medicare Part B Medicare Prescription Drug Plans - Answer-Medicare Part D...

Medicare Supplement Policy AKA Medigap - Answer-Also known as a Medigap Policy, is a health insurance policy sold by private insurance companies to fill in the coverage gaps in Original Medicare. The coverage gaps include deductibles and coinsurance requirements. The policies must follow federal ...

Which Medigap Plans do NOT cover the Part B deductible? - Answer-Plans A, B, D, G, K, L, M, N (all plans other than Plan C and Plan F) The monthly premiums of Medigap plans can depend on - Answer-Tobacco Use, Age, Gender, County, Height, Weight An insurance company will set rates for a certain...

What is Medigap? - Answer-Policy issued by private insurance companies that are designed to fill in some of the gaps in Medicare How are you eligible for Medigap? - Answer-Must be enrolled in Part A or B, age 65 and have End-Stage Renal Disease What are medicare supplement plans K&L responsibl...

What are medicare supplement policies? - Answer-individual and group disability insurance policies designed to reimburse under Medicare medical, hospital, surgical expenses Medicare supplement policies are not included in what two parts of mediCare? One other thing - Answer--Part C -Outpatient p...

age 65 or older, anyone w end-stage renal disease(ESRD), persons receiving social security disability benefit for 2 years - Answer-medicare eligibility hospital insurance - Answer-Part A (Medicare) medical insurance - Answer-Part B (Medicare) medicare advantage - Answer-Part C (Medicare) ...

Federal Program - Answer-Medicare is a federal health insurance program. Part of the Social Security program, Medicare is run by the Centers for Medicare & Medicaid Services of the Department of Health and Human Services. Private firms contract with the federal government to handle the paperwork, re...

Medigap - Answer-private Medicare supplement insurance plans to help cover the out-of-pocket costs that remained for Medicare recipients. Commonly referred to as Medigap Plans, these private supplement plans were designed to help cover the costs associated with the 'gaps' in the Original M...

Medicare Supplement Policy AKA Medigap - Answer-Also known as a Medigap Policy, is a health insurance policy sold by private insurance companies to fill in the coverage gaps in Original Medicare. The coverage gaps include deductibles and coinsurance requirements. The policies must follow federal ...

A man has Medicare Part A, but he does not have Medicare Part B. He enters the hospice care program and is cared for at home. What are his Medicare payment options? - Answer-Medicare Part A will pay for hospice care. A Medicare Part A patient is released from a skilled nursing facility (SNF). He ...

An individual who is not eligible for premium-free Medicare Part A coverage may apply for coverage during which of the following enrollment periods? A. All of the above B. Initial enrollment period C. General enrollment period D. Special enrollment period - Answer-A. All of the above Medica...

Under what circumstance does an accident and health insurer have the right to request an autopsy? 1. When the claim exceeds an amount specified in the policy 2. When 2 days have passed after death 3. When not prohibited by state law 4. When consent is given by the beneficiary - Answer-...

When presenting long-term care or Medicare Supplement plans, it is necessary to provide the prospect with a: - Answer-A Shoppers Guide for the product presented For an insurance contract to be complete, it must comply with which of the following? - Answer-A copy of the contract, all attached ride...

A Medicare Supplement Policy is: government insurance designed to provide healthcare to the elderly designed to provide prescription drug coverage to the elderly designed to fill in the gaps of Part A and Part B Medicare a supplement to Medicare Advantage Part C - Answer-Designed to fill in ...

Which statement does NOT describe Medicare supplement policies? A. Plan A provides the core benefits of Medicare supplement insurance. B. Medicare adjusts its deductibles and copayments to match insurers' benefits. C. Insurers selling Medicare supplement policies must sell Plan A. D. Medica...

Eligibility - Answer-Individual must have both Part A and Part B of Medicare. It is illegal to sell a Medigap policy to an individual who has a Medicare Advantage plan. Private plans that are designed to supplement Medicare by supplying coverage for gaps in Medicare benefits such as deductible...

Medicare coverage is generally available to those individuals: - Answer-Age 65 or over, certain disabled individuals and those persons with ALS or ESRD Which of the following statements about Medicare Part D is NOT correct? - Answer-Coverage is available only from stand-alone plans. Which of t...

A Medicare Supplement policy must NOT contain benefits which - Answer-duplicate Medicare benefits A Medicare Supplement Policy is - Answer-Designed to fill in the gaps of Part A and B Medicare The purpose of Medicare Supplement Insurance is to address gaps in Medicare coverage, which can inclu...

Lisa turned 65 and is now eligible for Medicare. She already receives Social Security benefits. How does she enroll in Original Medicare? - Answer-Her enrollment in Medicare Parts A and B is generally automatic if she meets all eligibility requirements. Which statement is true about a member of a...