Medicare supplement/LTC NC UPDATED
ACTUAL Exam Questions and CORRECT
Answers
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
qualifying individual (QI) - CORRECT 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
Medicare part C is referred to as - CORRECT ANSWER- Medicare advantage
Medicare Advantage is - CORRECT ANSWER- A combination of part a and part B coverage
plus additional benefits not covered by original Medicare such as hearing or vision care
Medicare part D is funded - CORRECT ANSWER- Partially by general tax revenues and
partially by premiums paid by part the beneficiaries... Like part B
Medicare part B premiums are - CORRECT ANSWER- Pay to the provider of the part D
plan rather than the federal government unlike part B
To be eligible to enroll in Medicare individuals must be - CORRECT ANSWER- Age 65 or
older, social security disability beneficiaries (Generally after two years) Are suffering from end-
stage renal disease
ACTUAL Exam Questions and CORRECT
Answers
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
qualifying individual (QI) - CORRECT 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
Medicare part C is referred to as - CORRECT ANSWER- Medicare advantage
Medicare Advantage is - CORRECT ANSWER- A combination of part a and part B coverage
plus additional benefits not covered by original Medicare such as hearing or vision care
Medicare part D is funded - CORRECT ANSWER- Partially by general tax revenues and
partially by premiums paid by part the beneficiaries... Like part B
Medicare part B premiums are - CORRECT ANSWER- Pay to the provider of the part D
plan rather than the federal government unlike part B
To be eligible to enroll in Medicare individuals must be - CORRECT ANSWER- Age 65 or
older, social security disability beneficiaries (Generally after two years) Are suffering from end-
stage renal disease
