Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
Medicare Part D covers _______.
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.
True. Medicare Advantage provides coverage through Medicare-approved private insurance companies.
3.
A Medigap policy is _______.
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.
4.
Which part of Medicare is funded by tax revenue?
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.
5.
What is the risk of buying a Medigap policy after the open enrollment period for it has ended?
The insurance company is allowed to charge you more if you have health problems. This is why it is best to buy during open enrollment.