MEDICARE QUIZ

At what age, generally, are you eligible for Medicare?

How many parts of Medicare are there?

One - It's simply "Medicare"

Two - Medicare and Drug Plans

Three - Medicare, Drug Plans & Supplements

Four - Part A Hospital, Part B Medical, Part C Advantage, Part D Drug Coverage

Who manages Original Medicare (Parts A & B)?

The government

Your medical doctor

You and your family

Private Insurance companies

Who gets "Premium-free" Part A Medicare when eligible?

Everyone gets Part A for free

Nobody gets Part A for free

Professional hockey players

Anyone (or their spouse) who has worked 40 quarters (10 years) or more and paid federal payroll taxes during that time

What ways can you make Medicare premium payments?

By mail, electronically or by credit/debit card

There are never any Medicare premiums

With Medicare gift cards

Handwritten i.o.u.'s

When should you sign up for Medicare?

You will not need to sign up. You are always automatically enrolled.

Within one month of turning 62 years old.

Three months before my 65th birth month, but no later than three months after my birth month.

At the point you need medical services.

What are some way that to sign up for Medicare?

Have an attorney file the appropriate paperwork with Social Security

Visit the application page on the Social Security website

Mail in request to the state Department of Economic and Community Development

What are some ways to make Medicare premium payments?

Bitcoin or other digital currency

Direct reduction from your 401k

Paypal

How much is the Part B premium in 2021?

$203

If you make below $87,000/yr, it is $253, if you make $87,000 or more, it is $448

Part B premium is $0 if you have paid federal payroll taxes for 10 years or longer

$148.50 (or higher depending on your income)

What is my Part B coinsurance amount for most services?

Generally, 20% will be paid by the card holder, while 80% will be covered by Medicare after the deductible is met

$1000 maximum

100% for the first $2500, then 75% thereafter

Medicare pays half and the card holder pays half until the deductible is met, then Medicare pays 100%

What is Medicare Supplement Insurance?

Insurance that helps fill the gaps in Original Medicare and is sold by private companies

Insurance that pays for much-needed dietary supplements

Insurance that covers medical bills in case you stop paying your Medicare premiums

Insurance that pays for things like dental, hearing and eye exams

How could you get Medicare Supplement Insurance (Medigap)?

You are automatically enrolled in a Medigap policy if you are a U.S. citizen

Medigap is only available to veterans and civil service employees

You can contact a licensed insurance agent, captive or independent, that sells Medigap

By signing up for it at your local Social Security office