Question:- A consumer currently has Original Medicare and is enrolled in a stand-alone Prescription Drug Plan (PDP). What will happen if the consumer enrolls in an MA Plan that has integrated prescription drug coverage?
Answer:- The consumer will be automatically disenrolled from their stand-alone PDP upon enrollment in the MA Plan that has integrated prescription drug coverage
Question:- Which of the following statements is not true about the Coverage Gap?
Answer:- All members reach the Coverage Gap
Question:- Through which means is financial assistance offered to a consumer who qualifies for Low Income Subsidy for their part of Medicare Part D costs?
Answer:- Through subsidies such as lower or no monthly plan premiums and lower or no copayments
Question:- In states where Medicare Supplement Insurance underwriting criteria can apply
Answer:- Consumers may be underwritten to determine their acceptance and, if applicable, their rate.
Question:- Which of the following is NOT true of Medicare Supplement Insurance Plans?
Answer:- Plan benefit amounts automatically update when Medicare changes cost sharing amounts, such as deductibles, coinsurance and copayments. NOT
Question:- Which definition best describes Medicare Part A? a. The part of Medicare that is a voluntary program offered by private insurance companies that provides prescription drug coverage for an additional monthly premium. b. The part of Medicare that offers combined medical and prescription drug coverage. c. The part of Medicare that helps with the cost of inpatient hospital stays. It also helps with hospice care and some skilled care for the homebound. d. The part of Medicare that helps with the cost of medically necessary doctor visits and other medical services, including outpatient care at hospitals and clinics, laboratory tests, some diagnostic screenings.
Answer:- The part of Medicare that helps with the cost of inpatient hospital stays. It also helps with hospice care and some skilled care for the homebound.
Question:- Which statement is true about a member of a Medicare Advantage (MA) Plan who wants to enroll in a Medicare Supplement Insurance Plan? a. When a consumer enrolls in a Medicare Supplement Insurance Plan, he/she is automatically disenrolled from his/her MA Plan. b. A member does not need a valid election period to disenroll from an MA plan. c. When a consumer enrolls in a Medicare Supplement Insurance Plan, he/she is not automatically disenrolled from his/her MA Plan. d. A consumer can use a Medicare Supplement Insurance Plan and an MA Plan at the same time.
Answer:- When a consumer enrolls in a Medicare Supplement Insurance Plan, he/she is automatically disenrolled from his/her MA Plan.
Question:- Which statement is true about a member of a Medicare Advantage (MA) Plan who wants to enroll in a Medicare Supplement Insurance Plan? a. When a consumer enrolls in a Medicare Supplement Insurance Plan, he/she is automatically disenrolled from his/her MA Plan. b. A member does not need a valid election period to disenroll from an MA plan. c. When a consumer enrolls in a Medicare Supplement Insurance Plan, he/she is not automatically disenrolled from his/her MA Plan. d. A consumer can use a Medicare Supplement Insurance Plan and an MA Plan at the same time.
Answer:- When a consumer enrolls in a Medicare Supplement Insurance Plan, he/she is automatically disenrolled from his/her MA Plan.
Question:- Which of the following statements is true about a Medicare Supplement Insurance Plan member who wants to enroll in an MA Plan? a. Medicare Supplement Insurance cannot be used in conjunction with an MA Plan; therefore, after receiving confirmation of enrollment into the MA Plan, the member should submit to their Medicare Supplement Insurance carrier a written request to cancel his/her policy. b. When a member enrolls in the MA Plan their current Medicare Supplement Insurance Plan will automatically cancel. c. The member must submit a written request to cancel their Medicare Supplement Insurance Plan the same day they submit their MA Plan enrollment application. d. The member should not cancel their Medicare Supplement Insurance Plan because Medicare Supplement Insurance can be used in conjunction with an MA Plan.
Answer:- Medicare Supplement Insurance cannot be used in conjunction with an MA Plan; therefore, after receiving confirmation of enrollment into the MA Plan, the member should submit to their Medicare Supplement Insurance carrier a written request to cancel his/her policy.
Question:- Which of the following best defines Medicare Part D? a. It is a government program, offered only through a private insurance company or other private company approved by Medicare, which provides hospitalization coverage. b. It is a government program, offered only through a private insurance company or other private company approved by Medicare, which provides prescription drug coverage. c. It is a government program, offered only through a private insurance company or other private company approved by Medicare, which provides medical and hospitalization coverage. d. It is a government program, offered only through a private insurance company or other private company approved by Medicare, which provides medical coverage.
Answer:- It is a government program, offered only through a private insurance company or other private company approved by Medicare, which provides prescription drug coverage.
Question:- Aside from a stand-alone Medicare Prescription Drug Plan, how else could a Medicare-eligible consumer get Part D prescription drug coverage? a. They could sign up for a pharmacy savings card through their local pharmacy. b. There is no other way a Medicare consumer could get Part D prescription drug coverage. c. They could enroll in a Medicare Supplement Insurance Plan. d. They could enroll in a Medicare Advantage Plan or other Medicare health plan that includes prescription drug coverage.
Answer:- They could enroll in a Medicare Advantage Plan or other Medicare health plan that includes prescription drug coverage.