Started on Tuesday, July 11, 2023, 7:40 PM
State Finished
Completed on Tuesday, July 11, 2023, 8:11 PM
Time taken 30 mins 16
... [Show More] secs
Points 20.00/20.00
Grade 100.00 out of 100.00
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MODULE 1
Question 1
Correct
Mr. Diaz continued working with his company and was insured under his employer’s group plan until he reached age 68. He has heard that there is a premium penalty for those who did not sign up for Part B when first eligible and wants to know how much he will have to pay. What should you tell him?
Question 1Select one:
a.
The penalty will be a permanent 10% increase in his Part B premium for every 12-month period that passed during which he could have enrolled and did not.
b.
During the first year, he is covered under Part B, his premiums will be 10% higher than they otherwise would be, after which point they will return to normal.
c.
Mr. Diaz will pay a penalty, which will be a flat amount each year, paid during the first month of coverage.
d.
Mr. Diaz will not pay any penalty because he had continuous coverage under his employer’s
plan.
Correct: Individuals with coverage based on their own current employment are not subject to the late enrollment penalty.
Correct: Mrs. Park can apply for programs through her State Medicaid office that could assist with her Medicare costs, such as Medicare Savings Programs, Part D low-income subsidies, and Medicaid.
Source: Module 1, Slide - Help for Individuals with Limited Income/Resources
Question 3
Correct
Agent John Miller is meeting with Jerry Smith, a new prospect. Jerry is currently enrolled in Medicare Parts A and B. Jerry has also purchased a Medicare Supplement (Medigap) plan which he has had for several years. However, the plan does not provide drug benefits. How would you advise Agent John Miller to proceed?
Question 3Select one:
a.
Tell prospect Jerry Smith that he should keep his Medigap plan but he should supplement his healthcare coverage by purchasing a Medicare Advantage plan that offers prescription drug coverage (MA-PD).
b.
Tell prospect Jerry Smith that he should drop his Medigap coverage and put those premium dollars toward the purchase of a standalone Part D prescription drug plan because he can always reactivate his Medigap policy on a guaranteed issue basis. Furthermore, because he has
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