Medicare Basics

BASICS 1

100

Which part of Medicare is known as 'Hospital' coverage and is typically premium-free if taxes were paid for 10 years?

Part A

200

Which part of Medicare covers 'Medical' services and requires members to pay a monthly premium?

Part B

300

How much is the monthly premium for Part B and how is it typically paid?

$202.90 

Automatically deducted from their social security check

500

Which government agency manages the nation's Medicare health insurance program?

The Center of Medicare Services (CMS)

BASICS 2

100

Who is eligible for Medicare?

65yrs old 

social security disability for 24+ months

200

What is the common informal name for the Medicare Insurance card members receive?

The Red White and Blue card

400

What path do we sell at Healthinsurance.com? Path 1 or Path 2? 

Path 2

500

A Medicare beneficiary is legally prohibited from having which two types of coverage simultaneously?

Medicare Supplement (Medigap) and Medicare Advantage (Part C)

misc

100

Once a member enrolls in a Medicare Advantage (Part C) plan, what happens to their Red White and Blue (RWB) Medicare card?

They no longer use the RWB card.

200

What is this S4802-135 

Prescription Drug Plan (PDP)

300

What is this X0001-014 

Point of Sale Contractor aka "TEMP PLAN"

400

What are the eligibility requirements for a member to enroll into a D-SNP?

Must have Medicare Part A and B and also Medicaid

500

What are the eligibility requirements for a member to enroll into a C-SNP?

Must have Medicare Part A and B and a qualifying chronic condition 

PART C

100

What is Part C of Medicare also known as?

Medicare Advantage

200

What components does a Medicare Advantage (Part C) plan typically bundle together?

Part A, B, and D

300

To be eligible for a Medicare Advantage (Part C) plan, an individual must have active enrollment in which parts of Original Medicare?

Part A and Part B

400

Medicare Advantage plans usually have

Little to no premiums with manageable copays

500

What is this H3359-034 

MEDICARE ADVANTAGE

OG

100

Individuals with Original Medicare (Parts A and B) can add a stand-alone plan to help with prescription drug costs. What is this plan called?

Part D plan

200

Which part of Medicare covers prescription drugs only and is sold by private insurance companies for an additional premium?

Part D

300

Medicare Advantage plans are an alternative to..?

Original Medicare

400

What benefits are NOT covered by Original Medicare (Parts A and B)? We call this "icing"

Dental, Vision, Hearing, OTC, and transportation 

500

What is the purpose of a Medicare Supplement policy (Medigap)?

To pay the remaining 20% of medical bills Original Medicare does not cover