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Planning Beginner: Introduction to Medicare

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1.
Medicare Part D covers _______.
Choose wisely. There is only one correct answer.
Prescription drugs. Part D helps cover the cost of outpatient prescription drugs through private insurance plans.
2.
Medicare Part C is known as Medicare Advantage, and is an alternative means of delivering the care and services provided by Medicare Parts A and B.
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True. Medicare Advantage provides coverage through Medicare-approved private insurance companies.
3.
What is the income limit on which Medicare tax is paid?
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There is no limit. Unlike the Social Security tax, there is no ceiling on the income on which the Medicare tax is paid.
4.
When does open enrollment for Medigap normally begin?
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The month you turn 65 and are enrolled in Medicare Part B. It automatically begins then.
5.
Medigap policies _______ cover your share of costs under other health coverage policies.
Choose wisely. There is only one correct answer.
Do not. Medigap policies do not cover them.