North Carolina Medicare Supplement and Long- Term Care Latest Update 150 Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt
A Medicare Medical Savings Account is comprised of what? - CORRECT ANSWER: A
high-deductible medicare plan and a savings account
A person who is not eligible for premium-free medicare Part A coverage must pay:
- A monthly premium of $115.40
- A monthly premium of $422
- A monthly premium of $283
D. A monthly premium of $141.50 - CORRECT ANSWER: B. A monthly premium of
$422
A person who is not eligible for premium-free medicare Part A coverage must pay:
- A monthly premium of $115.40
- A monthly premium of $422
- A monthly premium of $283
D. A monthly premium of $141.50 - CORRECT ANSWER: B. A monthly premium of
$422
A tax-qualified long-term care insurance policy enables policy owners deduct premiums
as a medical expense and to also do which of the following:
- Receive unlimited benefits tax free
- Receive limited benefits tax free
- Receive a partial return of premium if no claim is filed within ten years
- Receive a partial return of premium if no claim is filed within three years - CORRECT
ANSWER: B. Receive limited benefits tax free
After being released from a week's stay in the hospital, Jim's doctor orders him into a into a skilled nursing facility for wound care. How long will Medicare Part A cover 100%
of the approved charges in the facility? - CORRECT ANSWER: 20 days
All approved charges under Medicare Part A will be covered for ________ after the deductible has been met?
- For days 1 through 60
- After 150 days
- For days 61 through 90 - CORRECT ANSWER: A. For days 1 through 60 1 / 3
B For days 91 through 150
All of the following are required to qualify for Medicare's nursing facility benefit except:
- The patient must spend at least three days in a hospital within 30 past days
- The patient must meet stated income limits
- The patient's physician must certify that skilled care is required
- The patient must enter a Medicare-certified skilled nursing facility - CORRECT
ANSWER: B. The patient must meet stated income limits
All of the following are requirements for long-term care and medigap policy except:
- The agent must provide the applicant with a notice regarding replacement
- The notice regarding replacement must contain the free look period
- The notice regarding replacement explains the replacing coverage in comparison to
- A 60-day free look period must be provided - CORRECT ANSWER: D. A 60-day free
the existing coverage
look period must be provided.
An agent's commission for the sale of a medicare supplement policy in the first year following its effective date cannot exceed what percentage of the commission paid for
servicing the policy in the second year? - CORRECT ANSWER: 200
An individual who is not eligible for premium-free Medicare Part A coverage may apply for coverage during which of the following enrollment periods?
- All of the above
- Initial enrollment period
- General enrollment period
D. Special enrollment period - CORRECT ANSWER: A. All of the above
An insurance provider suggests to Jim that he purchase a second Medicare supplement policy in order to provide coverage for all his medical costs. What describes this offer? -
CORRECT ANSWER: Illegal. The sale of a supplement that provides the client with
more than one medicare supplement is prohibited by law.
Another common name for Part C is which of the following:
- Medicare Supplement
- Medicare Advantage
- Medigap
D. Medicare + Choice - CORRECT ANSWER: B. Medicare Advantage
At what point during the year can you switch to a different Part D plan?
- Between November 15 and Dec. 31
- Between June 1 & Sept. 1 2 / 3
- Any time
D. Jan. 1 until March 1 - CORRECT ANSWER: A. Between Nov. 15 and Dec. 31
B's long-term care insurance policy has a 30-calendar day elimination period. He became eligible for long-term care benefits and started receiving care on May 1. At what point will his policy begin paying benefits?
- After Bill has received 30 days of weekday care
- After Bill has received 30 days of care
- 30 days after the policy is issued
D. 30 days after the triggering event - CORRECT ANSWER: D. 30 days after the
triggering event
For Medicare Part A, Coinsurance must be paid ________ of a hospital stay:
- For days 91 through 150
- For days 61 through 90
- After 150 days
D. For days 1 through 60 - CORRECT ANSWER: B. for days 61 through 90
For what type of North Carolina residents will Medicare-Aid pay for their Medicare Part
B Premiums only? - CORRECT ANSWER: A specified low income beneficiary
G is applying for Medicare supplement Plan C. At what point must the insurer give her
an outline of coverage? - CORRECT ANSWER: At the time of application
G's medicare select plan offers the same benefits as the coverage provided under a standard plan. So why are G's medicare select plan premiums lower than those for a
standard Medicare supplement policy? - CORRECT ANSWER: Select plans offer the
same coverage that is provided under a standard plan. However, participants must obtain covered services through the plan's network.
Hospital coverage is provided by:
- Medicare Part A
- Medicare Part B
- Medicare Part C
D. Medicare Part D - CORRECT ANSWER: A. Medicare Part A
How can a long-term policy be written?
- Both stand-alone policy & rider
- Stand-alone policy only
- None of the above
D. Rider only - CORRECT ANSWER: A. Both stand-alone policy & rider
- / 3