Medicare Study Part 2 Questions and Answers | Latest Version | 2024/2025 | Correct & Verified

Medicare Study Part 2 Questions and Answers | Latest Version | 2024/2025 | Correct & Verified What is the purpose of a Medigap policy? A Medigap policy is private insurance that helps cover additional costs not paid by Original Medicare, such as deductibles, co-payments, and coinsurance. When can you change your Medicare plan? You can change your Medicare plan during the Annual Enrollment Period from October 15 to December 7 or during a Special Enrollment Period if you qualify. What is the Medicare late enrollment penalty for Part B? If you don’t enroll in Medicare Part B when first eligible, you may face a late enrollment penalty, which increases your premium for as long as you have Part B. What is the Special Enrollment Period for Medicare? The Special Enrollment Period allows you to enroll in Medicare or make changes to your plan outside of regular enrollment periods if you qualify due to certain life events, such as losing employer health coverage. 2 What are the income limits for the Medicare Savings Programs? The income limits for the Medicare Savings Programs vary by state, but they are generally designed for individuals and couples with limited income and resources. How do Medicare Advantage plans differ from Original Medicare? Medicare Advantage plans are offered by private insurance companies and provide the same coverage as Original Medicare, along with additional benefits such as dental and vision coverage. What is the Medicare Part D late enrollment penalty? If you don’t enroll in Medicare Part D when first eligible, you may incur a late enrollment penalty, which is added to your monthly prescription drug premium. Does Medicare cover long-term care? Medicare does not cover long-term care, such as custodial care in a nursing home, but it does cover short-term skilled nursing care under certain conditions. What is the coverage for preventive services under Medicare? 3 Medicare covers many preventive services at no cost, including flu shots, screenings for cancer, and diabetes, and vaccinations for pneumonia. What is the Medicare coverage for mental health services? Medicare Part B covers outpatient mental health services, including therapy, counseling, and other behavioral health services. Can you use Medicare in all states? Yes, Medicare is a nationwide program and you can use it anywhere in the United States, although coverage may vary depending on the plan type. What is the difference between Medicare Part A and Medicare Part C? Part A is hospital insurance, while Part C