Social Security Part B

Description: This quiz is designed to assess your understanding of Social Security Part B, including its coverage, costs, and eligibility requirements.
Number of Questions: 15
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Tags: social security social security part b medicare health insurance
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What is Social Security Part B?

  1. A federal health insurance program for people aged 65 and older

  2. A federal health insurance program for people with disabilities

  3. A federal health insurance program for people with low incomes

  4. A federal health insurance program for people who are unemployed


Correct Option: A
Explanation:

Social Security Part B is a federal health insurance program that provides coverage for medical expenses, including doctor visits, outpatient hospital care, and durable medical equipment, for people aged 65 and older, as well as certain younger people with disabilities.

Who is eligible for Social Security Part B?

  1. People aged 65 and older

  2. People with disabilities

  3. People with low incomes

  4. People who are unemployed


Correct Option: A
Explanation:

Social Security Part B is available to people aged 65 and older, as well as certain younger people with disabilities. People with low incomes or who are unemployed may be eligible for Medicaid or other government health insurance programs.

What does Social Security Part B cover?

  1. Doctor visits

  2. Outpatient hospital care

  3. Durable medical equipment

  4. All of the above


Correct Option: D
Explanation:

Social Security Part B covers a wide range of medical expenses, including doctor visits, outpatient hospital care, durable medical equipment, and certain other medical services.

How much does Social Security Part B cost?

  1. $144.60 per month

  2. $170.10 per month

  3. $198.60 per month

  4. $228.10 per month


Correct Option: B
Explanation:

The standard monthly premium for Social Security Part B is $170.10 in 2023. However, the actual amount you pay may be higher or lower depending on your income.

Can I get Social Security Part B if I am not a U.S. citizen?

  1. Yes, if you are a permanent resident

  2. Yes, if you have a work visa

  3. Yes, if you are a refugee

  4. No, you must be a U.S. citizen


Correct Option: A
Explanation:

Permanent residents are eligible for Social Security Part B if they meet certain other requirements, such as age and income.

When can I sign up for Social Security Part B?

  1. During your Initial Enrollment Period

  2. During your Special Enrollment Period

  3. During your General Enrollment Period

  4. Any time of year


Correct Option: A
Explanation:

Your Initial Enrollment Period for Social Security Part B is the 7-month period that begins 3 months before the month you turn 65 and ends 3 months after the month you turn 65.

What is the penalty for signing up for Social Security Part B late?

  1. You will have to pay a higher premium

  2. You will have a waiting period before your coverage starts

  3. You will not be able to get coverage at all

  4. There is no penalty


Correct Option: A
Explanation:

If you sign up for Social Security Part B more than 12 months after your Initial Enrollment Period ends, you will have to pay a higher premium for the rest of your life.

Can I drop Social Security Part B coverage?

  1. Yes, at any time

  2. Yes, but only during certain times of the year

  3. No, I cannot drop coverage

  4. I can only drop coverage if I have other health insurance


Correct Option: B
Explanation:

You can drop Social Security Part B coverage during the General Enrollment Period, which runs from January 1 to March 31 each year. Your coverage will end on June 30.

What is the Medicare Part B deductible?

  1. $203

  2. $233

  3. $263

  4. $293


Correct Option: B
Explanation:

The Medicare Part B deductible is $233 in 2023. This means that you will have to pay the first $233 of your covered medical expenses before Medicare starts to pay.

What is the Medicare Part B coinsurance?

  1. 20%

  2. 25%

  3. 30%

  4. 35%


Correct Option: A
Explanation:

The Medicare Part B coinsurance is 20%. This means that you will have to pay 20% of the cost of your covered medical expenses after you meet the deductible.

Can I get help paying for Social Security Part B premiums?

  1. Yes, through the Medicare Savings Program

  2. Yes, through the Extra Help program

  3. Yes, through both the Medicare Savings Program and the Extra Help program

  4. No, there is no help available


Correct Option: C
Explanation:

The Medicare Savings Program and the Extra Help program can help people with low incomes pay for Social Security Part B premiums, deductibles, and coinsurance.

How can I get more information about Social Security Part B?

  1. Visit the Social Security website

  2. Call the Social Security Administration

  3. Talk to a Medicare counselor

  4. All of the above


Correct Option: D
Explanation:

You can get more information about Social Security Part B by visiting the Social Security website, calling the Social Security Administration, or talking to a Medicare counselor.

What is the maximum income limit to qualify for the Medicare Savings Program?

  1. $1,567 per month for individuals

  2. $2,352 per month for couples

  3. $1,713 per month for individuals

  4. $2,589 per month for couples


Correct Option: C
Explanation:

The maximum income limit to qualify for the Medicare Savings Program is $1,713 per month for individuals and $2,589 per month for couples in 2023.

What is the maximum income limit to qualify for the Extra Help program?

  1. $1,567 per month for individuals

  2. $2,352 per month for couples

  3. $1,713 per month for individuals

  4. $2,589 per month for couples


Correct Option: A
Explanation:

The maximum income limit to qualify for the Extra Help program is $1,567 per month for individuals and $2,352 per month for couples in 2023.

Can I get both the Medicare Savings Program and the Extra Help program?

  1. Yes

  2. No

  3. It depends on my income

  4. It depends on my assets


Correct Option: A
Explanation:

You can get both the Medicare Savings Program and the Extra Help program if you meet the eligibility requirements for both programs.

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