MEDICARE, MEDICAIDE, LTC NC INSURANCE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+

MEDICARE, MEDICAIDE, LTC NC INSURANCE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Federal Program Correct Answer: Medicare is a federal health insurance program. Part of the Social Security program, Medicare is run by the Centers for Medicare & Medicaid Services of the Department of Health and Human Services. Private firms contract with the federal government to handle the paperwork, review claims, and disburse claim payments. Medicare Part A Correct Answer: Designed primarily to provide hospital insurance and to pay for certain other types of institutional care. Medicare Part B Correct Answer: Designed primarily to provide medical insurance for physician visits and other out-patient care. Medicare Part C Correct Answer: Provides expanded coverage through managed care plans such as Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs). Medicare Part D Correct Answer: Provides coverage for prescription drugs. What is the "original medicare"? Correct Answer: Parts A and B because those two parts were enacted together in the original amendment to Social Security that created the Medicare program in 1965. Parts C and D were added later (in 1997 and 2003, respectively) to keep the Medicare program up to date with changes in the health care delivery system. If someone has Original Medicare, in which part or parts of Medicare is he or she enrolled? A Parts A, B, and C B Parts A, B, C, and D C Part C D Parts A and B Correct Answer: D Parts A and B *Parts A and B are referred to as Original Medicare because they were enacted together when the So-cial Security law