(Answered)UHC Medicare Basics 2022 Prep.

UHC Medicare Basics 2022 Prep Test. Which of the following best describes the Late Enrollment Penalty (LEP)? Which of the following statements is NOT TRUE about the Coverage Gap? Step Therapy, Prior Authorization, Quantity Limit, 7-day limit, Dispensing Limit and Limited Access are all examples of what? What is the amount added to the member's monthly plan premium if they did NOT enroll in a Medicare Advantage plan with Part D benefits or stand-alone prescription drug plan when they were first eligible for Medicare Parts A and/or B or went without creditable prescription drug coverage for 63 or more continuous days? Can a consumer who qualifies for Low Income Subsidy receive financial assistance for their part of Medicare Part D costs? Formulary is defined as When is a Medicare Supplement Insurance consumer subject to underwriting and screened for eligibility? Which of the following is NOT true about the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) impact to Plans C and F? Which of the following is true about Medicare Supplement Insurance Plans? - Milton is retiring on his 65th birthday. He is eligible for Medicare and already receives Social Security benefits. How does he enroll in Original Medicare? Which statement is true about a member of a Medicare Advantage (MA) Plan who wants to enroll in a Medicare Supplement Insurance Plan? Provided other eligibility requirements are met, who is eligible for Medicare? - Which of the following defines a Medicare Advantage (MA) Plan? (Select 3) An MA Plan is a health plan option approved by Medicare and offered by private insurance companies. An MA Plan is part of Medicare and is also called Part C. Janice wants to enroll in a Medicare Advantage plan. Which of the following is NOT an eligibility requirement? What must be explained to consumers enrolling in an HMO (Health Maintenance Organization) MA Plan? (Select 3) NOt sure correct on this one The exception to the provider network requirement is emergency visits, urgent care, and renal dialysis services, which can be obtained from out-of-network providers. Which of the following are MA Plans that focus on using network providers to maximize the benefits and reduce out-of-network expenses? When does Medicare Supplement Open Enrollment take place?. Which of the following statements is true about a Medicare Supplement Insurance Plan member who wants to enroll in an MA Plan? A government program, offered only through a private insurance company or other private company approved by Medicare, that provides prescription drug coverage describes which of the following: Which of the following statements is true about eligibility requirements for stand-alone Medicare Prescription Drug Plans? What are two options for Medicare consumers to get Part D prescription drug coverage (assuming they meet all eligibility requirements)? (Select 2) Enroll in a Medicare Advantage Plan or other Medicare health plan that includes prescription drug coverage Which of the following statements does NOT correctly define prescription drug stages? Through which means is financial assistance offered to a consumer who qualifies for Low Income Subsidy for their part of Medicare Part D costs? Medications that are covered in a Plan's formulary have various levels of associated member cost-sharing (copayments or coinsurance). What are these drug levels called? The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), which went into effect January 1, 2020, applies to all carriers offering Medicare supplement plans.