Medicare Quiz
What does Medicare Part A cover ?
Hospice care services
Hearing Aids
Prescription Drugs
Vision Services
Medicare Part D is optional
True
False
Every Part D plan must have a _________.
MOOP
Route of Administration
Med-Sup Plan
Formulary
Tier 4 Drugs have...
Higher copayment: most generic prescription drugs
Lowest copayment: non-preferred, brand-name prescription drugs
Higher copayment: specialty tier which includes very high cost prescription drugs
Medium copayment: preferred, brand-name prescription drugs
________ costs are the costs incurred with respect to part D formulary covered drugs.
Max Out of Pocket (MOOP)
Catastrophic Coverage
True Out of Pocket (TrOOP)
Low Income Subsidy (LIS)
How many quarters must a beneficiary or their spouse pay FICA taxes to be entitled to premium-free part A?
40
15
25
35
How much is the Medicare Part A hospital deductible for 2021?
1354
1879
1284
1484
Original Medicare measures the use of hospital and skilled nursing facility (SNF) services with benefit periods. Please select all of the statements that are correct below.
If admitted into a hospital or a SNF after one benefit period has ended, a new benefit period begins
The benefit period ends when the beneficiary hasn't gotten any inpatient hospital care (or skilled care in a SNF) for 60 days in a row
There's no limit to the number of benefit periods
The benefit period starts when the beneficiary is admitted to the hospital and ends 60 days later
What is the standard part B premium for 2021?
208.90
135.50
148.50
297.00
Mr. Irvine aged into Medicare in August of 2017 and decided not to take Medicare Part B to save some money because he was in perfect health. Now, he would like to enroll in Part B for peace of mind. What could you tell him about his part B enrollment?
Since he delayed enrollment into part B, he may be subject to a 10% late enrollment penalty for twice the number of years he could have had it but went without it.
Since he delayed enrollment into part B, he may be subject to a 1% late enrollment penalty for each month he went without it.
Since he delayed enrollment into part B, he may be subject to a 10% late enrollment penalty for each 12 month period he went without it.
Since he delayed enrollment into part B, he may be subject to a 12% late enrollment penalty for 5 years.
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