Medicare Quiz

Create an image representing Medicare, showing diverse older adults engaging in healthcare activities, with symbols of Medicare cards and health-related icons in a warm and friendly setting.

Test Your Medicare Knowledge

Are you familiar with Medicare and its various parts? Take our quiz to assess your understanding of this vital health insurance program!

Key topics include:

Coverage of Medicare Parts A, B, and D
Enrollment penalties
Cost-sharing characteristics

11 Questions3 MinutesCreated by LearningEagle762

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)

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

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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