EXAMFX Social Insurance Programs

Question 1

Medicare Part A primarily provides coverage for which of the following?

Accepted Answer

Hospital inpatient care

Answer

Physician office visits

Answer

Prescription drugs

Answer

Dental and vision care

Question 2

At what age does an individual typically become eligible for Medicare coverage?

Accepted Answer

65

Answer

60

Answer

62

Answer

67

Question 3

Which of the following best describes Medicare Part B?

Accepted Answer

Supplemental medical insurance covering outpatient services

Answer

Hospital insurance funded entirely by payroll taxes

Answer

Prescription drug coverage added in 2006

Answer

A managed care alternative to original Medicare

Question 4

Medicaid is jointly funded by the federal government and which other entity?

Accepted Answer

State governments

Answer

Private insurance companies

Answer

Individual policyholders

Answer

Medicare trust funds

Question 5

Which Medicare part covers prescription drug benefits?

Accepted Answer

Part D

Answer

Part A

Answer

Part B

Answer

Part C

Question 6

What is the primary eligibility criterion for Medicaid coverage?

Accepted Answer

Low income and limited resources

Answer

Age 65 or older

Answer

Working a minimum number of quarters

Answer

Prior enrollment in Medicare Part A

Question 7

Medicare Advantage (Part C) plans are required to cover at minimum which services?

Accepted Answer

All services covered under Original Medicare Parts A and B

Answer

Only prescription drugs

Answer

Only hospital inpatient care

Answer

Emergency care and preventive screenings only