Test Your Knowledge: Medicare Quiz

I will be automatically enrolled in Medicare if I’m already receiving benefits from Social Security or the Railroad Retirement Board (RRB).

The first time to sign up for Medicare is during the Initial Enrollment Period (IEP). The IEP for Medicare Part A and Part B is the seven month period that starts three months before you turn 65, it includes the 65 birthday month, and includes the three additional months after the birthday month

There are five parts to the Medicare healthcare program: A, B, C, D and M for Medigap

If I sign up for Medicare Part C and Medicare Advantage, I have a comprehensive healthcare coverage

In general, Medicare Part A helps pay for inpatient care in hospitals, critical access hospitals, and skilled nursing facilities. It helps cover hospice care and some home health care. Medicare Part A also helps pay for long-term-care (LTC).

There is no out-of-pocket maximum for Medicare

Medicare Advantage plans must cover everything provided by Parts A, B and D. They must also cover dental, hearing, and vision

Medicare Parts A and B are also known and referred to as Original Medicare

Medigap is designed to “close the cost coverage gap” between the services offered under Original Medicare and pay for hearing aids, prescriptions, vision, dental care, etc.

To be eligible for Medicare Part A and Part B, you must be a U.S. citizen or a permanent legal resident and have earned at least 40 Social Security work credits

If you don’t sign up for Medicare Part B when you first become eligible, you may have to pay a penalty of up to 10% of your Medicare premiums

Medicare Advantage plans must provide you with an Annual Notice of Change

If I move to a new state, I may have to change my Medicare plans

If I signed up for Social Security at 62, I could also sign up for Medicare at the same time

Medicare Part B has a monthly premium but does not have any deductible