SC Health, Life, Accident Insurance Exam 37 Questions And Answers

EXAMS AND CERTIFICATIONS 37 Terms | SC Health, Life, Accident Insurance Exam 37 Questions And Answers

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Terms in this set 37

Part A

Hospital Insurance, helps pay for inpatient hospital care, inpatient care in a skilled nursing facility, home health care and hospice care

Part B

Medical Insurance, financed from monthly premiums paid by insureds and from the general revenues of the federal government

Part C

Allows people to receive all of their health care services through available provider organizations

Part D

Prescription Drug coverage

Part A - Initial Enrollment

when an individual first becomes eligible for Medicare (starting 3 months before turning 65, ending 3 months after their 65th birthday)

Part A - General Enrollment

between January 1st and March 31st each year

Part A - Special Enrollment

at any time during the year if the individual or his/her spouse is still employed and covered under a group health plan

Failure to Sign up for Part A

If an individual fails to sign up for Part A when they are first eligible, the monthly premium may go up 10% unless the person become eligible for a special enrollment period.

Part B - Enrollment

You will get and have to pay for Part B unless you decline, when you become eligible for Part A.
Once declined, you must wait until the next general enrollment period.

Medicare Advantage

Was originally called Medicaere + Choice. Was changed in 2003 as a result of The Medical Modernization Act of 2003.

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