ANSWERS RATED A+
✔✔Which of the following plans can be purchased to provide coverage in place of
Medicare Parts A and B combined? - ✔✔Medicare Advantage (part C)
✔✔Which part of Medicare is also known as Medicare Advantage? - ✔✔Part C
✔✔What part of Medicare covers prescription drugs? - ✔✔Part D
✔✔Which of the following is the most common method to supplement Medicare
coverage - ✔✔Coverage offered by private insurers
✔✔A woman is diagnosed with Alzheimer's 3 months before she applies for a Medicare
Supplement policy. Can her condition be excluded under her MSP? - ✔✔Yes, but her
condition will be covered after 6 months
✔✔What is the primary purpose of a Medicare Supplement policy (MSP)? - ✔✔to pay
for many of the medical expenses that Medicare coverage does not. (Fill in the gaps in
Medicare)
✔✔What is the purpose of a Medicare Supplement policy (MSP)? - ✔✔pay for medical
expenses not covered by Medicare. (Fill in coverage holes)
✔✔Which statement concerning Medicare Supplement policies (MSP) is FLASE? -
✔✔They eliminate the need to purchase PART B OF Medicare.
✔✔What is the primary purpose of a Medicare Supplement Policy? - ✔✔To fill in the
gaps of Medicare
✔✔A preexisting condition under a Medicare Supplement policy must have occurred
and/or been treated within how many months of the effective date of the MSP? - ✔✔6
months
✔✔Medicare Supplement policies can exclude coverage on preexisting conditions for
up to how many months? - ✔✔6 months
✔✔In comparing Medicare Supplement policies(MSP), what is the difference between
Plan A and Plan G? - ✔✔Plan G offers more benefits
✔✔What is a required feature of a Medicare Supplement Policy? - ✔✔basic core
benefits
, ✔✔Which of the following is CORRECT about Medicaid? - ✔✔It is a public program
assisting individuals with insufficient income to pay for medical care.
✔✔What is Medicaid? - ✔✔A federal and state funded program for those whose income
and resources are insufficient to meet the cost of the necessary medical care.
✔✔Which of the following determines whether a person passes the financial test to
qualify for Medicaid? - ✔✔state law
✔✔Eligibility for Medicaid benefits is primarily based upon which factor? - ✔✔income
and net worth
✔✔Sherri qualifies for Medicaid even though he has assets of $250,000. What type of
Long Term policy does Sherri have? - ✔✔long-term care partnership policy
✔✔Which is the minimum number offthe 6 Activities of Daily Living
(ADL) an insured must be incapable of performing in order to trigger the benefits of a
Long Term Care Policy? - ✔✔2
✔✔HIPAA applies to groups of how many participants? - ✔✔2
✔✔In a Medical Expense policy, newborns are covered only if - ✔✔any required
premium is paid within 31 days of the birth.
✔✔The Affordable Care Act offers cost-sharing reductions such as lower co-payment,
coinsurance, and out-of-pocket limits to insureds in what metal tier plan category? -
✔✔Sliver
✔✔Under the employer shared responsibility provision of the Affordable Care Act, an
employer is exqmpt from penalties for not offering health insurance coverage if the
employer has less than how many full-time employees? - ✔✔50
✔✔Which is NOT an essential benefit required under the
Affordable Care Act? - ✔✔Adult oral and vision care
✔✔What is the main difference between the levels of coverage offered through the
ACA? - ✔✔percentage of coinsurance
✔✔What is coinsurance? - ✔✔The amount you pay for covered health care after you
meet your deductible.
✔✔Copayment - ✔✔An amount of money that is paid at the time of medical service