Medicare Part A
What is Medicare Part A known as?
What is hospital insurance
What is part B known as
medical insurance
What is a Medicare Advantage Plan also known as?
Medicare Part C
What is the extra amount an individual mayhave topay if they did not enrollinto a Part D plan when they first became eligible?
Late enrollment period
What is the name for a secondary insurance plan that picks up where Medicare ends?
Medigap insurance
What is fee for service?
original medicare
Yes but if you do not sign up you receive a penalty
What additional services which Medicare does not cover that might be covered under and Advantage Plan?
Dental, Hearing Aid, over the counter items and Vision.
What is the amount that an individual must pay before their Part D plan starts paying on the medication?
Annual Plan Deductible
When could a person opt out of a Medicare Part D plan?
If they have Creditable Coverage
What is the average premium for medicare part A (assuming you have acquired enough working hours
0 dollars
What can an individual do if they are currently working and covered by their or their spouses current employment. regarding Medicare Part B
Opt out, (not sign up ect.)
What does a Medicare Advantage Plan cover?
everything under Medicare Part A and B
What is the period called when the co-pays on a Part D Plan may be higher called?
Donut Hole or Coverage Gap
Which part of Medicare would cover Durable Medical Supplies?
Medicare Part B
Who enrolls you into Medicare?
Social Security Administration
What is the period of time called that runs from 3 months prior tot he month you turn 65 to 3 months after the month you turn 65?
IEP (initial enrollment period)
What part of Medicare must an individual have in order to have a Medicare Advantage Plan?
Medicare part A and B
What is the name of the listing of medications that a Part D plan covers?
formulary
What is the normal age that a person would be eligible for Medicare?
Age 65
What is the time frame between days 1 and days 60 called when admitted to the hospital?
Benefit period
What is the amount Medicare Part B normally pays for a Medicare approved service. and what is the remaining amount due by the individual
80% and 20%
Whenis the Annual Open Enrollemnt Period for a Medicare Advantage Plan?
10/15 - 12/07
Normally a person may change their Part D plan only during?
10/15 - 12/07
Who is the best class?
We are