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Social Security Supplementary Medical Insurance (SMI)

Description: Social Security Supplementary Medical Insurance (SMI) Quiz
Number of Questions: 15
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Tags: social security medicare health insurance
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What is Social Security Supplementary Medical Insurance (SMI)?

  1. A government-sponsored health insurance program for people with disabilities

  2. A government-sponsored health insurance program for people aged 65 and older

  3. A government-sponsored health insurance program for people with low incomes

  4. A government-sponsored health insurance program for people who are unemployed


Correct Option: B
Explanation:

Social Security Supplementary Medical Insurance (SMI), also known as Medicare Part B, is a government-sponsored health insurance program for people aged 65 and older, as well as certain younger people with disabilities and people with End-Stage Renal Disease (ESRD).

What does SMI cover?

  1. Hospitalization

  2. Prescription drugs

  3. Doctor visits

  4. All of the above


Correct Option: D
Explanation:

SMI covers a wide range of medical services, including hospitalization, prescription drugs, doctor visits, and other medical expenses.

Who is eligible for SMI?

  1. People aged 65 and older

  2. People with disabilities

  3. People with End-Stage Renal Disease (ESRD)

  4. All of the above


Correct Option: D
Explanation:

SMI is available to people aged 65 and older, people with disabilities, and people with End-Stage Renal Disease (ESRD).

How much does SMI cost?

  1. $148.50 per month

  2. $170.50 per month

  3. $192.50 per month

  4. $214.50 per month


Correct Option: A
Explanation:

The standard monthly premium for SMI in 2023 is $148.50.

Can I get SMI if I am not a U.S. citizen?

  1. Yes, if you have been a legal resident of the United States for at least 5 years

  2. Yes, if you have been a legal resident of the United States for at least 10 years

  3. No, you must be a U.S. citizen to get SMI

  4. No, you must be a U.S. citizen or a permanent resident to get SMI


Correct Option: A
Explanation:

You can get SMI if you are not a U.S. citizen, but you must have been a legal resident of the United States for at least 5 years.

What is the deductible for SMI?

  1. $203

  2. $233

  3. $263

  4. $293


Correct Option: A
Explanation:

The annual deductible for SMI in 2023 is $203.

What is the coinsurance for SMI?

  1. 20%

  2. 25%

  3. 30%

  4. 35%


Correct Option: A
Explanation:

The coinsurance for SMI is 20% of the Medicare-approved amount for most services.

What is the lifetime limit for SMI?

  1. $1 million

  2. $2 million

  3. $3 million

  4. There is no lifetime limit


Correct Option: D
Explanation:

There is no lifetime limit on the amount of benefits that SMI can pay.

How can I apply for SMI?

  1. Online at the Social Security website

  2. By phone at the Social Security toll-free number

  3. In person at a Social Security office

  4. All of the above


Correct Option: D
Explanation:

You can apply for SMI online at the Social Security website, by phone at the Social Security toll-free number, or in person at a Social Security office.

When should I apply for SMI?

  1. At least 3 months before you turn 65

  2. At least 6 months before you turn 65

  3. At least 9 months before you turn 65

  4. At least 12 months before you turn 65


Correct Option: A
Explanation:

You should apply for SMI at least 3 months before you turn 65 to avoid a late enrollment penalty.

What is the late enrollment penalty for SMI?

  1. 10% per month for each month you are late

  2. 15% per month for each month you are late

  3. 20% per month for each month you are late

  4. 25% per month for each month you are late


Correct Option: A
Explanation:

The late enrollment penalty for SMI is 10% per month for each month you are late to enroll.

Can I cancel my SMI coverage?

  1. Yes, at any time

  2. Yes, but only during the first 6 months of coverage

  3. No, you cannot cancel your SMI coverage

  4. No, you cannot cancel your SMI coverage unless you move out of the United States


Correct Option: A
Explanation:

You can cancel your SMI coverage at any time by contacting the Social Security Administration.

What happens if I cancel my SMI coverage?

  1. You will be responsible for all of your medical expenses

  2. You will be charged a late enrollment penalty if you ever decide to re-enroll

  3. Both of the above

  4. None of the above


Correct Option: C
Explanation:

If you cancel your SMI coverage, you will be responsible for all of your medical expenses and you will be charged a late enrollment penalty if you ever decide to re-enroll.

What are some of the benefits of having SMI coverage?

  1. Peace of mind knowing that you are covered for a wide range of medical expenses

  2. The ability to choose your own doctors and hospitals

  3. No annual or lifetime limits on coverage

  4. All of the above


Correct Option: D
Explanation:

Some of the benefits of having SMI coverage include peace of mind knowing that you are covered for a wide range of medical expenses, the ability to choose your own doctors and hospitals, and no annual or lifetime limits on coverage.

What are some of the drawbacks of having SMI coverage?

  1. The monthly premium can be expensive

  2. There is a deductible and coinsurance for most services

  3. Some services are not covered by SMI

  4. All of the above


Correct Option: D
Explanation:

Some of the drawbacks of having SMI coverage include the monthly premium can be expensive, there is a deductible and coinsurance for most services, and some services are not covered by SMI.

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