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Planning Beginner:
Introduction to Medicare
Test your knowledge
Choose wisely. There is only one correct answer to each question.
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Review your answers below to learn more.
1.
Medicare Part D covers _______.
Choose wisely. There is only one correct answer.
Prescription drugs
Inpatient hospital care
Physician services
All of the above
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.
Choose wisely. There is only one correct answer.
True
False
True. Medicare Advantage provides coverage through Medicare-approved private insurance companies.
3.
What is the income limit on which Medicare tax is paid?
Choose wisely. There is only one correct answer.
The same limit that Social Security uses
Your federal tax rate
$1 million
There is no limit
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?
Choose wisely. There is only one correct answer.
There is no beginning date
The month you turn 65
The month you turn 65 and are enrolled in Medicare Part B
As soon as you enroll in Medicare Part B
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
Do not
Do not. Medigap policies do not cover them.
Submit
DONE