What are the key features of Medicare Part B?
a) Participants under Part B are responsible for an annual deductible. b) Part B will pay 80% of covered expenses, subject to Medicare's standards for reasonable charges. d) Part B coverage is provided free of charge when an individual turns age 65.
Does part B of Medicare cover all physicians?
It does not cover physicians, neither inpatient or outpatient. Part B of Medicare covers most physician, surgeon and other doctor's services. Which of the following correctly describes Medicaid?
What is the difference between Medicare Part B and Medicaid?
D Medicaid is a state funded program that provides health care to persons over age 65, only. Incorrect! Medicaid is a government funded (both state and federal) program designed to provide health care to poor people of all ages. When does the initial enrollment period for Medicare Part B begin? Incorrect!
What is the initial enrollment period for Medicare Part B?
The initial enrollment period for Medicare Part B is a seven month period that begins on the first day of the third month before the month in which the individual attains age 65 and ends on the last day of the third month after the individual attains age 65. A) Social Security payroll taxes. B) employer paid premiums only.
Which statement is incorrect concerning Part B of Medicare quizlet?
Which statement is incorrect concerning Part B of Medicare? Medicare Part B does not cover prescription drugs at all.
Which of the following is not covered under Medicare Part B?
But there are still some services that Part B does not pay for. If you're enrolled in the original Medicare program, these gaps in coverage include: Routine services for vision, hearing and dental care — for example, checkups, eyeglasses, hearing aids, dental extractions and dentures.
Which of the following statements is correct concerning the relationship between Medicare and HMO?
Which of the following statements is CORRECT concerning the relationship between Medicare and HMOS? HMOS may pay for services not covered by Medicare.
What is Medicare Part B responsible for?
For most services, Part B medical insurance pays only 80% of what Medicare decides is the approved charge for a particular service or treatment. You are responsible for paying the other 20% of the approved charge, called your coinsurance amount.
Which of the following is covered by Medicare Part B quizlet?
Part B helps cover medically-necessary services like doctors' services, outpatient care, durable medical equipment, home health services, and other medical services.
What does Medicare B not bill for?
Medicare will not pay for medical care that it does not consider medically necessary. This includes some elective and most cosmetic surgery, plus virtually all alternative forms of medical care such as acupuncture, acupressure, and homeopathy—with the one exception of the limited use of chiropractors.
Which of the following is not true about Medicare quizlet?
Which of the following is not true about Medicare? Medicare is not the program that provides benefits for low income people _ that is Medicaid. The correct answer is: It provides coverage for people with limited incomes.
Which of the following is not provided under Part A of Medicare?
Part A does not cover the following: A private room in the hospital or a skilled nursing facility, unless medically necessary. Private nursing care.
Which of the following is true concerning the conversion of group life insurance coverage to an individual policy?
The correct answer is: Evidence of insurability is required for conversion. All of the following are true regarding the conversion option for group life insurance, EXCEPT: The converted coverage must be whole life. The correct answer is: The converted coverage may be term or whole life.
Which of the following is Medicare Part B also known as?
medical insuranceMedicare Part B (also known as medical insurance) is an insurance plan that covers medical services related to outpatient and doctor care.
Who is eligible for Medicare Part B?
You automatically qualify for Medicare Part B once you turn 65 years old. Although you'll need to wait to use your benefits until your 65th birthday, you can enroll: 3 months before your 65th birthday.
How is Medicare Part B funded?
Part B, the Supplementary Medical Insurance (SMI) trust fund, is financed through a combination of general revenues, premiums paid by beneficiaries, and interest and other sources. Premiums are automatically set to cover 25 percent of spending in the aggregate, while general revenues subsidize 73 percent.
Which statement regarding Medicare is not true?
Which statement regarding Medicare is not true?#N#A) Medicare may be the primary payor to any employer group health plan coverage .#N#B) It is a federal health program for people 65 and older and others of any age, who have received Social Security Disability Benefits for at least 2 years.# N#C) The initial enrollment period lasts 7 months and begins on the 1st day of the 3rd month before one is eligible for Medicare.#N#D) Hospitals and other providers of health care wanting to participate in the Medicare program must be licensed by the state.
What is Medicare Part D?
Medicare Part D is a prescription drug coverage for certain low income individuals. It requires the insured must: Be enrolled in Medicare Parts A & B, and Must Pay Part D: Monthly Premiums, Co-Pay Per Prescription, and an Annual Deductible. Medicare Part A is FREE to those that have paid in and qualify.
How long does Medicare Supplement coverage last?
A Medicare Supplement policy must provide coverage for pre-existing conditions after the policy has been in force for. 6 months. All of the following qualify for Medicare Part A EXCEPT. Anyone who is willing to pay a premium.
How old is an applicant for Medicare Supplement?
An applicant is discussing his options for Medicare supplement coverage with his agent. The applicant is 65 years old and has just enrolled in Medicare Part A and Part B. What is the insurance company obligated to do? Offer the supplement policy on a guaranteed issue basis. A Medicare Supplement policy must provide coverage for pre-existing ...