Question: A Medicare Supplement Policy is:

government insurance designed to provide healthcare to the elderly

designed to provide prescription drug coverage to the elderly

designed to fill in the gaps of Part A and Part B Medicare

a supplement to Medicare Advantage Part C

Answer: Designed to fill in the gaps of Part A and B Medicare

Question: The purpose of Medicare Supplement Insurance is to address gaps in Medicare coverage, which can include:

Medicare in-hospital deductible

replacing HMO coverage

covering chiropractic treatment

treatment provided in a government hospital

Answer: Medicare in-hospital deductible

Question: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supervision but NOT full-time care?

Custodial care homes

Assisted living facilities

Skilled nursing facilities

Congregate housing

Answer: Assisted-Living facilities

Question: Which of the following provides Medicare supplement policies?

Medicare

Medicaid

Private insurance companies

Associations and employers

Answer: Private insurance companies

Question: Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance?

Medicare in-hospital deductible

Dental work

Nutritional supplements

Chiropractic care

Answer: Medicare in-hospital deductible

Question: Benefits provided by a Medicare Supplement policy must NOT:

be payable to the insured

duplicate Medicare benefits

be sold to individuals under 70

charge additional premiums

Answer: Duplicate Medicare benefits

Question: Which of the following is NOT a type of Medicare Advantage Plan?

Health Maintenance Organization (HMO)

Preferred Provider Organization (PPO)

Private Fee-For-Services (PFFS)

Social Security Disability Income (SSDI)

Answer: SSDI

Question: Long-Term Care policies may provide coverage for claims arising from:

senile dementia

acute care in hospital

alcoholism

drug addiction

Answer: Senile dementia

Question: Generally speaking, which three levels of care are Long-Term Care policies provided with?

Disability, acute care, and hospitalization

Accident, medical care, and rehabilitation

Psychological, acute care, and assisted living

Skilled nursing, intermediate, and custodial care

Answer: Skilled nursing, intermediate, and custodial care

Question: A Medicare supplement plan can be canceled by the insurer:

after the probation period

for any changes in the insured’s health

anytime

for nonpayment of premiums

Answer: for nonpayment of premiums