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Medicare Part D Prescription Drug Plans

Description: Medicare Part D Prescription Drug Plans Quiz
Number of Questions: 15
Created by:
Tags: medicare part d prescription drug plans healthcare financing
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Medicare Part D is a voluntary prescription drug coverage plan that is available to:

  1. People with Medicare Part A and Part B

  2. People with Medicare Part B only

  3. People with Medicare Part A only

  4. People with Medicare Part C (Medicare Advantage)

Show answer
Correct Option: A
Explanation:

Medicare Part D is available to people who have Medicare Part A (hospital insurance) and Part B (medical insurance).

Medicare Part D plans are offered by:

  1. The federal government

  2. Private insurance companies

  3. State governments

  4. Non-profit organizations

Show answer
Correct Option: B
Explanation:

Medicare Part D plans are offered by private insurance companies that have been approved by Medicare.

Medicare Part D plans typically have:

  1. A monthly premium

  2. A deductible

  3. Copayments or coinsurance

  4. All of the above

Show answer
Correct Option: D
Explanation:

Medicare Part D plans typically have a monthly premium, a deductible, and copayments or coinsurance.

The Medicare Part D coverage gap, also known as the "donut hole", is:

  1. A period of time when Medicare Part D coverage is not available

  2. A period of time when Medicare Part D coverage is limited

  3. A period of time when Medicare Part D coverage is not available for certain drugs

  4. A period of time when Medicare Part D coverage is not available for certain people

Show answer
Correct Option: B
Explanation:

The Medicare Part D coverage gap is a period of time when Medicare Part D coverage is limited. During this time, people with Medicare Part D may have to pay more for their prescription drugs.

The Medicare Part D coverage gap begins after:

  1. A person has spent a certain amount of money on prescription drugs

  2. A person has reached a certain income level

  3. A person has been enrolled in Medicare Part D for a certain amount of time

  4. A person has been diagnosed with a certain medical condition

Show answer
Correct Option: A
Explanation:

The Medicare Part D coverage gap begins after a person has spent a certain amount of money on prescription drugs.

The Medicare Part D coverage gap ends when:

  1. A person has spent a certain amount of money on prescription drugs

  2. A person has reached a certain income level

  3. A person has been enrolled in Medicare Part D for a certain amount of time

  4. A person has been diagnosed with a certain medical condition

Show answer
Correct Option: A
Explanation:

The Medicare Part D coverage gap ends when a person has spent a certain amount of money on prescription drugs.

People who reach the Medicare Part D coverage gap can:

  1. Continue to fill their prescriptions at the same cost

  2. Get help from Medicare to pay for their prescription drugs

  3. Switch to a different Medicare Part D plan

  4. All of the above

Show answer
Correct Option: D
Explanation:

People who reach the Medicare Part D coverage gap can continue to fill their prescriptions at the same cost, get help from Medicare to pay for their prescription drugs, or switch to a different Medicare Part D plan.

Medicare Part D plans are standardized, which means that:

  1. All Medicare Part D plans offer the same benefits

  2. All Medicare Part D plans have the same premiums

  3. All Medicare Part D plans have the same deductibles

  4. All Medicare Part D plans have the same copays and coinsurance

Show answer
Correct Option:
Explanation:

Medicare Part D plans are not standardized. This means that different plans can offer different benefits, premiums, deductibles, and copays and coinsurance.

People can compare Medicare Part D plans by using the:

  1. Medicare Plan Finder tool

  2. Medicare & You handbook

  3. Social Security website

  4. All of the above

Show answer
Correct Option: D
Explanation:

People can compare Medicare Part D plans by using the Medicare Plan Finder tool, the Medicare & You handbook, or the Social Security website.

The Medicare Part D Extra Help program is available to:

  1. People with low income and resources

  2. People with Medicare Part A and Part B

  3. People who are enrolled in a Medicare Part D plan

  4. All of the above

Show answer
Correct Option: D
Explanation:

The Medicare Part D Extra Help program is available to people with low income and resources, who are enrolled in a Medicare Part D plan, and who have Medicare Part A and Part B.

The Medicare Part D Extra Help program provides:

  1. Help with paying for Medicare Part D premiums

  2. Help with paying for Medicare Part D deductibles

  3. Help with paying for Medicare Part D copays and coinsurance

  4. All of the above

Show answer
Correct Option: D
Explanation:

The Medicare Part D Extra Help program provides help with paying for Medicare Part D premiums, deductibles, and copays and coinsurance.

People can apply for the Medicare Part D Extra Help program by:

  1. Calling the Social Security Administration

  2. Visiting the Social Security website

  3. Mailing an application to the Social Security Administration

  4. All of the above

Show answer
Correct Option: D
Explanation:

People can apply for the Medicare Part D Extra Help program by calling the Social Security Administration, visiting the Social Security website, or mailing an application to the Social Security Administration.

The Medicare Part D Low-Income Subsidy (LIS) program is available to:

  1. People with low income and resources

  2. People who are enrolled in a Medicare Part D plan

  3. People who have Medicare Part A and Part B

  4. All of the above

Show answer
Correct Option: D
Explanation:

The Medicare Part D Low-Income Subsidy (LIS) program is available to people with low income and resources, who are enrolled in a Medicare Part D plan, and who have Medicare Part A and Part B.

The Medicare Part D Low-Income Subsidy (LIS) program provides:

  1. Help with paying for Medicare Part D premiums

  2. Help with paying for Medicare Part D deductibles

  3. Help with paying for Medicare Part D copays and coinsurance

  4. All of the above

Show answer
Correct Option: D
Explanation:

The Medicare Part D Low-Income Subsidy (LIS) program provides help with paying for Medicare Part D premiums, deductibles, and copays and coinsurance.

People can apply for the Medicare Part D Low-Income Subsidy (LIS) program by:

  1. Calling the Social Security Administration

  2. Visiting the Social Security website

  3. Mailing an application to the Social Security Administration

  4. All of the above

Show answer
Correct Option: D
Explanation:

People can apply for the Medicare Part D Low-Income Subsidy (LIS) program by calling the Social Security Administration, visiting the Social Security website, or mailing an application to the Social Security Administration.

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