NC Medicare supplement questions and answers 100% Verified Solutions

NC Medicare supplement questions and answers 100% Verified Solutions Medicare - CORRECT ANSWER-A federal program of health insurance for persons 65 years of age and older Medicare is run by - CORRECT ANSWER-Centers for Medicare and Medicaid services of the department of health and human services Medicare parts A & B are - CORRECT ANSWER-Referred to as original Medicare Medicare Part A(Inpatient) is funded - CORRECT 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 - CORRECT ANSWER-Taxes paid on Social Security benefits Medicare part B is funded - CORRECT ANSWER-Partially by general tax revenues and partially by premiums paid to the federal government by Medicare part B beneficiaries Part B beneficiary must - CORRECT ANSWER-Must pay a premium for coverage on like Part a Most part B beneficiaries pay - CORRECT 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? - CORRECT ANSWER-$85,000 for single people and $170,000 for married couples filing jointly Medicare Savings Program - CORRECT 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 - CORRECT 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) - CORRECT 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