Indiana Insurance Navigator Exam (100% correct and graded A+)

Where can a consumer create a Marketplace account? - A Can a consumer have employer insurance and a FFM? - Answer-No. QHP - Answer-Qualified Health Plans that are sold on the marketplace Medicare Part A - Answer-The part of the Medicare program that pays for hospitalization, care in a skilled nursing facility, home health care, and hospice care. What is a CAC - Answer-Certified Application Counselors. They can help people purchase qualified health plans on marketplace. Pretty much the same thing as a navigator. Medicare Part B - Answer-The part of the Medicare program that pays for physician services, outpatient hospital services, durable medical equipment, and other services and supplies. Premium - Answer-Amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance Deductible - Answer-Amount you must pay before you begin receiving any benefits from your insurance company, Co-pay cost sharing - Answer-a situation where insured individuals pay a portion of the healthcare costs, such as deductibles, coinsurance or co-payments Can a consumer have Medicare Part A and B? - Answer-Yes When can an immigrant get Medicaid? - Answer-Five years after established citizenship COBRA - Answer-Consolidated Omnibus Budget Reconciliation Act; law to provide terminated employees or those who lose insurance coverage because of reduced work to be able to buy group insurance for themselves and their families for a limited amount of time.Where can you apply for Indiana Medicaid Programs? - A Indiana Health Coverage Program (IHCP) - Answer-Umbrella term for several programs through Medicaid, like CHIP and HIP Hoosier Healthwise - Answer-Low income pregnant women, and children under 19 Presumptive Eligibility (PE) - Answer-Allows Medicaid benefits to begin early before official enrollment and is declared by a hospital or mental health facility.