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Social Security Part D

Description: Test your knowledge on Social Security Part D, a Medicare prescription drug coverage program in the United States.
Number of Questions: 15
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Tags: social security medicare part d prescription drugs health insurance
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What is the purpose of Social Security Part D?

  1. To provide prescription drug coverage to Medicare beneficiaries

  2. To provide hospital and medical insurance to Medicare beneficiaries

  3. To provide long-term care insurance to Medicare beneficiaries

  4. To provide dental and vision coverage to Medicare beneficiaries

Show answer
Correct Option: A
Explanation:

Social Security Part D is a Medicare prescription drug coverage program that helps Medicare beneficiaries pay for the cost of prescription drugs.

Who is eligible for Social Security Part D?

  1. All Medicare beneficiaries

  2. Medicare beneficiaries who are 65 or older

  3. Medicare beneficiaries who are disabled

  4. Medicare beneficiaries who have end-stage renal disease

Show answer
Correct Option: A
Explanation:

All Medicare beneficiaries are eligible for Social Security Part D, regardless of their age, disability status, or medical condition.

How much does Social Security Part D cost?

  1. The cost varies depending on the plan you choose

  2. The cost is $30 per month

  3. The cost is $50 per month

  4. The cost is $100 per month

Show answer
Correct Option: A
Explanation:

The cost of Social Security Part D varies depending on the plan you choose. Some plans have a monthly premium, while others have a deductible and coinsurance.

What is a Medicare Part D formulary?

  1. A list of prescription drugs covered by a Medicare Part D plan

  2. A list of prescription drugs not covered by a Medicare Part D plan

  3. A list of prescription drugs that are available at a discount to Medicare beneficiaries

  4. A list of prescription drugs that are available for free to Medicare beneficiaries

Show answer
Correct Option: A
Explanation:

A Medicare Part D formulary is a list of prescription drugs that are covered by a Medicare Part D plan.

What is a Medicare Part D deductible?

  1. The amount you pay out-of-pocket before your Medicare Part D plan starts to cover your prescription drug costs

  2. The amount you pay out-of-pocket for each prescription drug you fill

  3. The amount you pay out-of-pocket for each doctor's visit

  4. The amount you pay out-of-pocket for each hospital stay

Show answer
Correct Option: A
Explanation:

A Medicare Part D deductible is the amount you pay out-of-pocket before your Medicare Part D plan starts to cover your prescription drug costs.

What is a Medicare Part D coinsurance?

  1. The percentage of the cost of a prescription drug that you pay after you meet your deductible

  2. The percentage of the cost of a doctor's visit that you pay

  3. The percentage of the cost of a hospital stay that you pay

  4. The percentage of the cost of a prescription drug that you pay before you meet your deductible

Show answer
Correct Option: A
Explanation:

A Medicare Part D coinsurance is the percentage of the cost of a prescription drug that you pay after you meet your deductible.

What is a Medicare Part D donut hole?

  1. The gap in coverage between the initial coverage limit and the catastrophic coverage limit

  2. The gap in coverage between the deductible and the coinsurance

  3. The gap in coverage between the coinsurance and the out-of-pocket maximum

  4. The gap in coverage between the catastrophic coverage limit and the out-of-pocket maximum

Show answer
Correct Option: A
Explanation:

A Medicare Part D donut hole is the gap in coverage between the initial coverage limit and the catastrophic coverage limit.

What is the Medicare Part D catastrophic coverage limit?

  1. The amount you pay out-of-pocket for prescription drugs after you reach the donut hole

  2. The amount you pay out-of-pocket for prescription drugs before you reach the donut hole

  3. The amount you pay out-of-pocket for prescription drugs after you meet your deductible

  4. The amount you pay out-of-pocket for prescription drugs before you meet your deductible

Show answer
Correct Option: A
Explanation:

The Medicare Part D catastrophic coverage limit is the amount you pay out-of-pocket for prescription drugs after you reach the donut hole.

What is the Medicare Part D out-of-pocket maximum?

  1. The total amount you pay out-of-pocket for prescription drugs in a year

  2. The total amount you pay out-of-pocket for prescription drugs before you reach the donut hole

  3. The total amount you pay out-of-pocket for prescription drugs after you reach the donut hole

  4. The total amount you pay out-of-pocket for prescription drugs after you meet your deductible

Show answer
Correct Option: A
Explanation:

The Medicare Part D out-of-pocket maximum is the total amount you pay out-of-pocket for prescription drugs in a year.

When is the Medicare Part D open enrollment period?

  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 Medicare Part D open enrollment period is October 15 - December 7.

How can you enroll in Medicare Part D?

  1. Through the Social Security Administration

  2. Through Medicare.gov

  3. Through a private insurance company

  4. Through all of the above

Show answer
Correct Option: D
Explanation:

You can enroll in Medicare Part D through the Social Security Administration, Medicare.gov, or a private insurance company.

What is the Medicare Part D Extra Help program?

  1. A program that helps Medicare beneficiaries pay for the cost of their Medicare Part D premiums, deductibles, and coinsurance

  2. A program that helps Medicare beneficiaries pay for the cost of their Medicare Part A and Part B premiums

  3. A program that helps Medicare beneficiaries pay for the cost of their Medicare Part C premiums

  4. A program that helps Medicare beneficiaries pay for the cost of their Medicare Part D prescription drugs

Show answer
Correct Option: A
Explanation:

The Medicare Part D Extra Help program is a program that helps Medicare beneficiaries pay for the cost of their Medicare Part D premiums, deductibles, and coinsurance.

Who is eligible for the Medicare Part D Extra Help program?

  1. Medicare beneficiaries with limited income and resources

  2. Medicare beneficiaries who are 65 or older

  3. Medicare beneficiaries who are disabled

  4. Medicare beneficiaries who have end-stage renal disease

Show answer
Correct Option: A
Explanation:

Medicare beneficiaries with limited income and resources are eligible for the Medicare Part D Extra Help program.

How can you apply for the Medicare Part D Extra Help program?

  1. Through the Social Security Administration

  2. Through Medicare.gov

  3. Through a private insurance company

  4. Through all of the above

Show answer
Correct Option: A
Explanation:

You can apply for the Medicare Part D Extra Help program through the Social Security Administration.

What is the Medicare Part D Low-Income Subsidy (LIS)?

  1. A program that helps Medicare beneficiaries pay for the cost of their Medicare Part D premiums

  2. A program that helps Medicare beneficiaries pay for the cost of their Medicare Part A and Part B premiums

  3. A program that helps Medicare beneficiaries pay for the cost of their Medicare Part C premiums

  4. A program that helps Medicare beneficiaries pay for the cost of their Medicare Part D prescription drugs

Show answer
Correct Option: A
Explanation:

The Medicare Part D Low-Income Subsidy (LIS) is a program that helps Medicare beneficiaries pay for the cost of their Medicare Part D premiums.

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