Medicare Supplement and Long Term Care NC Study Set Exam Q & A

Medicare Supplement and Long Term Care NC Study Set Exam Q & A what facility is long term care NOT provided in - CORRECT ANSWER-Hospital an insured receives health care through both Medicare and Medicaid. She Currently has prescription drug coverage through Medicaid. does the insured need to enroll in Medicare part D? - CORRECT ANSWER-Yes, she must begin receiving her prescription Drug coverage through Part D To quality for skilled nursing care a patient must - CORRECT ANSWER-have a qualifying hospital stay of at least 3 consecutive days if a insured returns a Medicare supplement policy too the insurer with in 30 days of policy delivery without providing a reason, how much of policy premium with be refunded? - CORRECT ANSWER-100% An individual long term care insurance policy holder has the right to return the policy for a full refund of premium with in 30 days of the policy - CORRECT ANSWER-delivery to the insured If an agent receives 1000 in commissions upon the first renewal of a medigap policy what is the maximin compensation that the agent may receive on the fourth renewal - CORRECT ANSWER-1000 dollars claim for Medicare part a services are filed by - CORRECT ANSWER-the provider with the Medicare intermediary An agent sells medigap insurance in north Carolina, her renewal commission is 10% the most that the agent can receive in first year commission is? - CORRECT ANSWER-20 percent What Medicare part WILL allow an assignment payment method? - CORRECT ANSWER-Part B If a patient is admitted to a hospital for special care, inpatient dialyze treatments are covered under what? - CORRECT ANSWER-Medicare Part A How many lifetime reserve days does Medicare part a have? - CORRECT ANSWER-60 days Medicare pays the first 20 days of skilled nursing facility care. For days 21 through 100, Medicare pays what? - CORRECT