Planning Beginner: Introduction to Medicare

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Medicare Part A covers _______.
Choose wisely. There is only one correct answer.
Inpatient hospital care. Part A covers this as well as skilled nursing facilities, hospice, and home health care.
2.
What is the risk of buying a Medigap policy after the open enrollment period for it has ended?
Choose wisely. There is only one correct answer.
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.
3.
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.
4.
Once you're on Medicare, it will pay for all of your medical expenses.
Choose wisely. There is only one correct answer.
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.
5.
Medigap policies help pay Medicare coinsurance, copayments, deductibles, and a portion of basic living expenses.
Choose wisely. There is only one correct answer.
False. These policies help pay coinsurance, copayments, and deductibles, but not living expenses.