NC Medicare supplement questions and answers 100% Verified Solutions

Medicare - Answer - A federal program of health insurance for persons 65 years of age and older Medicare is run by - Answer - Centers for Medicare and Medicaid services of the department of health and human services Medicare parts A & B are - Answer - Referred to as original Medicare Medicare Part A(Inpatient) is funded - Answer - By the hospital insurance portion of the FICA payroll tax collected from workers and employers. Also by the premiums paid by individuals who aren't automatically covered by medicare but wish to purchase it. This also pays for Medicare part A - Answer - Taxes paid on Social Security benefits Medicare part B is funded - Answer - Partially by general tax revenues and partially by premiums paid to the federal government by Medicare part B beneficiaries Part B beneficiary must - Answer - Must pay a premium for coverage on like Part a Most part B beneficiaries pay - Answer - The standard part B premium which may be adjusted each year for inflation What is the threshold Part B beneficiaries have to a seed for a higher premium? - Answer - $85,000 for single people and $170,000 for married couples filing jointly Medicare Savings Program - Answer - A state run programs some low income individuals may qualify for that assist with paying the cost of Medicare coverage Qualified Medicare beneficiary(QMB) program - Answer - A program for those whose monthly income is no more than the federal poverty level plus $20. Helps pay the part B premium and may also help pay a beneficiary's part a premium , Deductibles, coinsurance, and copayments Specified low-income Medicare beneficiary (SLMB) - Answer - To qualify, a persons Monthly be income is no more than 120% of the federal poverty level plus $20. This program only pays for the part B premium no other Medicare costs qualifying individual (QI) - Answer - To qualify a persons monthly income is no more than 135% of the federal Poverty level Plus $20. This program helps pay for only the part B premium