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...
Medicare Supplement Plans 6 Exam
Questions and Answers
statement about the standard Medicare supplement plans - Answer-Plans contain the
basic core benefits available under Plan A plus additional benefits.
What is another name for medicare supplement policies? - Answer-Medigap policies
Which of the following is true about the range of Medicare supplement plans? - Answer-
The coverages provided in each individual plan is the same across insurers.
Which of the following is covered by all Medicare supplement policies? - Answer-first
three pints of blood
The sale of a Medicare supplement policy that results in the insured having coverage
already provided under Medicare is - Answer-prohibited in all cases.
What Medicare supplement plans provide for payments to limit a person's annual out-of-
pocket medical costs related to coinsurance, copays, and deductibles? - Answer-K and
L
____________ plans are obtained through private health insurance companies and
offer expanded benefits. They provide all of the Part A� Hospital Insurance and Part
B� Medical Expense coverage. Some may also provide the Part D� Prescription Drug
coverage. - Answer-Medicare Advantage
Gracie owns a Medicare Advantage policy and requires emergency care while visiting
her daughter, but there are no network providers nearby. What should Gracie do? -
Answer-see a nonnetwork provider
Medicare supplement Plan A provides the co-payment for hospitalization from day 61
through day 90. Which of the other Medicare supplement plans also provide this
coverage? - Answer-Plans A through N
Plans ____ and ___ provide a lesser level of benefits, but their premiums are much
lower than those associated with the other plans. Plans ___ and ____ may also offer
high deductible options, which would further lessen the premium payments. - Answer-
Plan K or L
Parts A and B have gaps in their coverage, where Medicare subscribers must pay the
costs. Which of the following was done to fill these gaps in standard Medicare
coverage? - Answer-the insurance industry created Medicare supplement policies.
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