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Which part of Medicare is funded by tax revenue?

Part A

Part B

Part C

Part D

Part A. Part A, which covers inpatient care, is funded by a 2.9% payroll tax. The others are funded primarily by Medicare enrollees themselves.

A Medigap policy is _______.

Designed to offer more comprehensive coverage as an alternative to original Medicare

Purchased from a private insurance company to help cover out-of-pocket expenses not covered by Medicare

Purchased from the federal government to supplement gaps in original Medicare coverage

None of the above

Purchased from a private insurance company to help cover out-of-pocket expenses not covered by Medicare. Medigap is a supplement, not an alternative to Medicare, and is not sold by the government.

Medicare Part D covers _______.

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.

Once you're on Medicare, it will pay for all of your medical expenses.

True

False

False. There are still significant out-of-pocket expenses you must meet yourself, such as premiums, deductibles, co-payments, and dental, hearing, and vision care.

When does open enrollment for Medigap normally begin?

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.