Medicare Exam Questions and Answers | Latest Version | 2024/2025 | Correct & Verified
7 views 0 purchase
Module
Medicare Exm
Institution
Medicare Exm
Medicare Exam Questions and Answers |
Latest Version | 2024/2025 | Correct &
Verified
What is the Initial Enrollment Period for Medicare?
The Initial Enrollment Period is a 7-month period that begins three months before your 65th
birthday, includes your birth month, and ends three months...
Medicare Exam Questions and Answers |
Latest Version | 2024/2025 | Correct &
Verified
What is the Initial Enrollment Period for Medicare?
✔✔The Initial Enrollment Period is a 7-month period that begins three months before your 65th
birthday, includes your birth month, and ends three months after.
What happens if you don’t enroll in Medicare Part B when first eligible?
✔✔You may have to pay a late enrollment penalty, which will increase your monthly premiums.
What is the Annual Enrollment Period for Medicare?
✔✔The Annual Enrollment Period runs from October 15 to December 7 each year, allowing
beneficiaries to make changes to their Medicare Advantage or Part D plans.
What is the Special Enrollment Period for Medicare?
✔✔The Special Enrollment Period allows you to enroll in Medicare outside of regular
enrollment periods if you have qualifying circumstances, like losing employer coverage.
1
,How is Medicare funded?
✔✔Medicare is funded through payroll taxes, premiums paid by beneficiaries, and federal
government funding.
What is the difference between Original Medicare and Medicare Advantage?
✔✔Original Medicare is administered by the government and includes Parts A and B, while
Medicare Advantage is offered by private insurers and often includes additional benefits.
What is the purpose of Medicare Part D?
✔✔The purpose of Medicare Part D is to help beneficiaries pay for prescription medications.
What does "creditable prescription drug coverage" mean?
✔✔Creditable prescription drug coverage refers to drug coverage that is at least as good as
Medicare Part D, such as coverage through an employer or union.
What is the penalty for late enrollment in Medicare Part D?
✔✔The penalty for late enrollment in Part D is a permanent increase in premiums based on the
number of months you went without creditable prescription drug coverage.
2
,What does CMS stand for in relation to Medicare?
✔✔CMS stands for the Centers for Medicare & Medicaid Services, the agency that oversees
Medicare.
What is the Medicare Plan Finder?
✔✔The Medicare Plan Finder is an online tool that helps beneficiaries compare Medicare plans
based on coverage, costs, and provider networks.
What services are not covered by Medicare?
✔✔Medicare generally does not cover routine dental care, vision care, hearing aids, or long-term
custodial care.
What is the purpose of the Medicare Star Ratings system?
✔✔The Medicare Star Ratings system evaluates Medicare Advantage and Part D plans based on
quality and performance to help beneficiaries choose plans.
What is the Medicare Savings Program?
✔✔The Medicare Savings Program helps low-income individuals pay for Medicare premiums
and, in some cases, deductibles and coinsurance.
3
, What is the purpose of a Medicare Advance Beneficiary Notice (ABN)?
✔✔An ABN informs beneficiaries that Medicare may not cover a particular service, allowing
them to decide whether to proceed and pay out of pocket.
How can beneficiaries prevent Medicare fraud?
✔✔Beneficiaries can prevent Medicare fraud by protecting their Medicare card, reviewing
statements for errors, and reporting suspicious activity.
What is the purpose of the "Medicare & You" handbook?
✔✔The "Medicare & You" handbook provides comprehensive information about Medicare
coverage, enrollment, and plan options.
What is the role of Social Security in Medicare?
✔✔Social Security handles enrollment in Medicare Parts A and B for most beneficiaries and
collects premiums for these parts.
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SterlingScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £7.99. You're not tied to anything after your purchase.
