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Certified Medicaid Planner Exam Questions and Correct Answers

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Prepare for the Certified Medicaid Planner Exam with comprehensive practice questions and correct answers covering key concepts related to Medicaid planning and eligibility. This study resource reviews topics such as Medicaid eligibility requirements, financial and asset considerations, income rules, long-term care planning, application procedures, documentation, compliance, and ethical considerations. It is designed to help candidates strengthen their understanding of core Medicaid planning principles and prepare effectively for certification-style examinations.

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CERTIFIED MEDICAID PLANNER EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS)
Q&A 2027 |INSTANT DOWNLAOD PDF

1. What is the primary purpose of Medicaid?
A. To provide retirement income
B. To provide health coverage and medical assistance to eligible
individuals
C. To replace Social Security
D. To provide homeowners insurance
Answer: B. To provide health coverage and medical assistance
to eligible individuals
Rationale: Medicaid is a joint federal-state program that
provides health coverage and medical assistance to eligible
populations.


2. Which federal agency administers and oversees the federal
Medicaid program?
A. IRS
B. CMS
C. SSA
D. FDA
Answer: B. CMS

,Rationale: The Centers for Medicare & Medicaid Services (CMS)
administers Medicaid at the federal level.


3. Medicaid is jointly financed by which governments?
A. Federal and state governments
B. State and local governments only
C. Federal and county governments
D. Local governments only
Answer: A. Federal and state governments
Rationale: Medicaid is jointly funded by the federal
government and participating states.


4. Which factor is particularly important when determining
Medicaid eligibility?
A. Favorite physician
B. Applicable eligibility category
C. Credit score
D. Vehicle mileage
Answer: B. Applicable eligibility category
Rationale: Medicaid eligibility depends on the individual's
coverage group and the rules applicable to that group.


5. What does MAGI stand for?

,A. Medicaid Adjusted Government Income
B. Modified Adjusted Gross Income
C. Medicare Annual Gross Income
D. Modified Assistance Grant Index
Answer: B. Modified Adjusted Gross Income
Rationale: MAGI is used for many Medicaid and CHIP eligibility
determinations.


6. MAGI-based Medicaid eligibility is particularly associated
with which populations?
A. Certain children, pregnant individuals, parents, and adults
B. Only nursing-home residents
C. Only people receiving Social Security retirement benefits
D. Only veterans
Answer: A. Certain children, pregnant individuals, parents,
and adults
Rationale: MAGI rules generally apply to specified Medicaid
eligibility groups created or modified under the Affordable Care
Act.


7. Which individual would generally require consideration
under non-MAGI Medicaid rules?
A. A person seeking only Marketplace coverage
B. An individual age 67 seeking Medicaid LTSS

, C. A person applying for CHIP only
D. A person purchasing private insurance
Answer: B. An individual age 67 seeking Medicaid LTSS
Rationale: Individuals who are age 65 or older, have a disability,
or need long-term care are generally evaluated under non-
MAGI rules.


8. What is LTSS?
A. Long-Term Services and Supports
B. Local Tax Support System
C. Long-Term Social Security
D. Licensed Treatment Support Services
Answer: A. Long-Term Services and Supports
Rationale: LTSS includes services and supports needed by
people who have ongoing functional or medical needs.


9. Which is an example of Medicaid LTSS?
A. Long-term nursing facility care
B. Automobile financing
C. Mortgage refinancing
D. Life insurance sales
Answer: A. Long-term nursing facility care

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