Medicare Supplement and Long Term Care NC Study Set Exam Q & A

what facility is long term care NOT provided in - Answer - Hospital an insured receives health care through both Medicare and Medicaid. She Currently has prescription drug coverage through Medicaid. does the insured need to enroll in Medicare part D? - Answer - Yes, she must begin receiving her prescription Drug coverage through Part D To quality for skilled nursing care a patient must - Answer - have a qualifying hospital stay of at least 3 consecutive days if a insured returns a Medicare supplement policy too the insurer with in 30 days of policy delivery without providing a reason, how much of policy premium with be refunded? - Answer - 100% An individual long term care insurance policy holder has the right to return the policy for a full refund of premium with in 30 days of the policy - Answer - delivery to the insured If an agent receives 1000 in commissions upon the first renewal of a medigap policy what is the maximin compensation that the agent may receive on the fourth renewal - Answer - 1000 dollars claim for Medicare part a services are filed by - Answer - the provider with the Medicare intermediary An agent sells medigap insurance in north Carolina, her renewal commission is 10% the most that the agent can receive in first year commission is? - Answer - 20 percent What Medicare part WILL allow an assignment payment method? - Answer - Part B If a patient is admitted to a hospital for special care, inpatient dialyze treatments are covered under what? - Answer - Medicare Part A How many lifetime reserve days does Medicare part a have? - Answer - 60 days Medicare pays the first 20 days of skilled nursing facility care. For days 21 through 100, Medicare pays what? - Answer - 235 per day A man is considered homebound and is eligible for Medicare Home Health services. He has Medicare Part A and Medicare Part B. Medicare will pay for covered home health visits. The patient's share of the cost is what percent? - Answer - 20%