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Health Insurance for Seniors

Description: This quiz is designed to assess your knowledge of health insurance options and coverage for seniors.
Number of Questions: 15
Created by:
Tags: health insurance seniors medicare medicaid long-term care insurance
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Which government program provides health insurance to people aged 65 and older, as well as to certain younger people with disabilities?

  1. Medicare

  2. Medicaid

  3. Social Security

  4. Veterans Affairs

Show answer
Correct Option: A
Explanation:

Medicare is a government health insurance program that provides coverage to people aged 65 and older, as well as to certain younger people with disabilities.

What are the four parts of Medicare?

  1. Part A, Part B, Part C, and Part D

  2. Part A, Part B, Part C, and Part E

  3. Part A, Part B, Part D, and Part E

  4. Part A, Part B, Part C, and Part F

Show answer
Correct Option: A
Explanation:

Medicare is divided into four parts: Part A (hospital insurance), Part B (medical insurance), Part C (Medicare Advantage plans), and Part D (prescription drug coverage).

What does Medicare Part A cover?

  1. Hospital stays

  2. Doctor visits

  3. Prescription drugs

  4. Long-term care

Show answer
Correct Option: A
Explanation:

Medicare Part A covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care.

What does Medicare Part B cover?

  1. Doctor visits

  2. Hospital stays

  3. Prescription drugs

  4. Long-term care

Show answer
Correct Option: A
Explanation:

Medicare Part B covers doctor visits, outpatient hospital care, durable medical equipment, and some preventive services.

What is Medicare Part C?

  1. A Medicare Advantage plan

  2. A Medigap policy

  3. A long-term care insurance policy

  4. A prescription drug plan

Show answer
Correct Option: A
Explanation:

Medicare Part C is a Medicare Advantage plan, which is a type of private health insurance plan that provides Medicare coverage.

What is Medicare Part D?

  1. A Medicare Advantage plan

  2. A Medigap policy

  3. A long-term care insurance policy

  4. A prescription drug plan

Show answer
Correct Option: D
Explanation:

Medicare Part D is a prescription drug plan that provides coverage for prescription drugs.

What is a Medigap policy?

  1. A Medicare Advantage plan

  2. A Medicare supplement insurance policy

  3. A long-term care insurance policy

  4. A prescription drug plan

Show answer
Correct Option: B
Explanation:

A Medigap policy is a Medicare supplement insurance policy that helps to cover the costs that Medicare does not cover, such as deductibles, copayments, and coinsurance.

What is long-term care insurance?

  1. A Medicare Advantage plan

  2. A Medicare supplement insurance policy

  3. A policy that provides coverage for long-term care

  4. A prescription drug plan

Show answer
Correct Option: C
Explanation:

Long-term care insurance is a policy that provides coverage for long-term care, such as nursing home care, assisted living care, and home health care.

What is the difference between a Medicare Advantage plan and a Medigap policy?

  1. Medicare Advantage plans are private health insurance plans, while Medigap policies are government-sponsored plans.

  2. Medicare Advantage plans provide more comprehensive coverage than Medigap policies.

  3. Medicare Advantage plans are more expensive than Medigap policies.

  4. Medicare Advantage plans are only available to people who are eligible for Medicare Part A and Part B.

Show answer
Correct Option: A
Explanation:

Medicare Advantage plans are private health insurance plans that provide Medicare coverage, while Medigap policies are government-sponsored plans that help to cover the costs that Medicare does not cover.

What is the difference between long-term care insurance and nursing home insurance?

  1. Long-term care insurance provides coverage for a wider range of services than nursing home insurance.

  2. Long-term care insurance is more expensive than nursing home insurance.

  3. Long-term care insurance is only available to people who are eligible for Medicare.

  4. Long-term care insurance is not available to people who are eligible for Medicaid.

Show answer
Correct Option: A
Explanation:

Long-term care insurance provides coverage for a wider range of services than nursing home insurance, including home health care, assisted living care, and adult day care.

What is the best way to compare health insurance plans for seniors?

  1. Talk to a health insurance agent.

  2. Read the plan brochures and compare the benefits and costs.

  3. Use an online health insurance comparison tool.

  4. Ask your friends and family for recommendations.

Show answer
Correct Option: B
Explanation:

The best way to compare health insurance plans for seniors is to read the plan brochures and compare the benefits and costs.

What is the open enrollment period for Medicare?

  1. October 15 - December 7

  2. November 1 - January 31

  3. December 1 - February 28

  4. January 1 - March 31

Show answer
Correct Option: A
Explanation:

The open enrollment period for Medicare is October 15 - December 7.

What is the late enrollment penalty for Medicare Part B?

  1. 10% per month

  2. 15% per month

  3. 20% per month

  4. 25% per month

Show answer
Correct Option: A
Explanation:

The late enrollment penalty for Medicare Part B is 10% per month.

What is the donut hole in Medicare Part D?

  1. The gap in coverage between the initial deductible and the out-of-pocket maximum

  2. The gap in coverage between the out-of-pocket maximum and the catastrophic coverage threshold

  3. The gap in coverage between the initial deductible and the catastrophic coverage threshold

  4. The gap in coverage between the out-of-pocket maximum and the initial deductible

Show answer
Correct Option: A
Explanation:

The donut hole in Medicare Part D is the gap in coverage between the initial deductible and the out-of-pocket maximum.

What is the catastrophic coverage threshold in Medicare Part D?

  1. $4,020 in 2023

  2. $4,410 in 2023

  3. $4,800 in 2023

  4. $5,200 in 2023

Show answer
Correct Option: A
Explanation:

The catastrophic coverage threshold in Medicare Part D is $4,020 in 2023.

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