Medicare Basics Quiz

1. Do Medicare plans have waiting periods?

• Yes

• No

• It depends on the participant that is applying

What situations would allow a participant to enroll in Medicare prior to age 65? Select all that apply.

• End Stage Renal Disease (ESRD)

• Disability

• Because they asked Medicare nicely

• Never, they must be 65

True or False: Part B of Original Medicare covers inpatient hospital services

• True

• False

True or False: Medicare Part B has a $144.60 premium for 2020, a $198 deductible, and a 20% coinsurance.

• True

• False

If a provider accepts Medicare, but NOT Medicare Assignment...

• The provider may charge the participant as much as they want for the service

• The provider may charge the participant more for the service, but that amount is limited to no more than 15% over Medicare's approved amount

• The provider may ask the participant to leave their office immediately

• The provider may charge the participant more for the service, but that amount is limited to no more than 20% over Medicare's approved amount

True or False: Medicare Part A is usually premium-free, but Part B requires a monthly premium.

• True

• False

__________ is NOT covered by Original Medicare.

• Home Health Services

• CPAP equipment

• Long Term Care

• Hospice Care

Part B premiums are usually deducted from the beneficiary's...

• Checking account

• Credit card

• Coupon book

• Social Security benefit check

What does CMS stand for?

• Centers for Medicare and Medicaid Services

• Center for Medicine and Medical Services

• Center for Medicare Services

What is an out of pocket maximum?

• A dollar amount that will not be reimbursed by the carrier

• A monthly fee paid to the carrier in exchange for health insurance coverage

• The cumulative dollar amount of covered expenses after which the coinsurance payment stops and the carrier begins paying 100% of covered expenses for the remainder of the year.