Medicare AEP Quiz

Test your knowledge of the upcoming Medicare Annual Enrollment Period. You will instantly receive your results and will not be contacted by us unless you indicate that you want to be at the end of the survey. Sponsored by Alabama Health Guidance. Good Luck!

1. When is the Medicare Open Enrollment Period?

Oct 1- Dec 7 Nov 15-Jan 1 Oct 15 - Dec 7 Oct 1 - Dec 1

2. The Medicare Annual Enrollment period is designed for you to compare which plan types?

Medicare Advantage Prescription Drugs Medicare Advantage and Prescription Drug Plans Life Insurance

3. If you choose a plan during the Medicare Annual Enrollment Period, when will it become effective?

Dec 1 Dec 15 Jan 1 Jan 15

4. You only have a one-time enrollment during AEP?

True, once you enroll in a plan during AEP you can't change your mind False, you can make multiple choices during AEP, however, the last one in before Dec 7th will be the "final decision"

5. What is one important reason beneficiaries review coverage during AEP?

Plans may change premiums, benefits, or provider networks each year Medicare automatically cancels all plans yearly Doctors are required to change networks annually Prescription drugs are no longer covered after December

Medicare Advantage Plans

6. What are the two types of Medicare Advantage Plans:

HMO and PPO HMO and HBT PPO and HFO PPL and HML

7. Which type of Medicare Advantage plan usually requires members to use a network of doctors?

PPO only HMO Original Medicare Medigap

8. If you enroll in a Medicare Advantage plan you must continue to pay:

Part A deductible only Part B premium Medicaid premium No premiums at all

9. What is the maximum out-of-pocket limit designed to do in a Medicare Advantage plan?

Limit monthly premiums Limit prescription costs only Protect members from exessive medical costs Eliminate all healthcare expenses

10. One major benefit of having a Medicare Advantage Plan vs. Original Medicare is that a Medicare Advantage Plan gives you an _______?

Gym Membership Dental Vision Out-of-pocket-Maximum

Medicare Supplements

11. A Medigap policy and a Medicare Supplement are the same thing.

True False

12. Medicare Supplements are also known as Part C?

True False

13. If your client purchases a Medicare Supplement policy plan F they wouldn't pay anything for prescriptions.

True - Plan F covers everything False - Plan F doesn't cover drugs

14. To enroll in a Medicare Supplement plan, a person must first have:

Medicaid Medicare Part C Original Medicare Parts A and B Employer Coverage

15. If you have a Supplement, and have never had a Medicare Advantage Plan, you can try a Medicare Advantage Plan for 12 months as a trial period. At anytime during that 12 months, you are allowed to return to the Medicare Supplement you came from without answering any underwriting questions.

True False

16. What are the 3 main things to look for when comparing Prescription Drug Plans? (choose 3)

Are all my drugs covered on the plans formulary?‎ How much is the premium?‎ Will it cover my medical expenses?‎ Does my pharmacy take my plan?‎

17. Medicare Part B drugs can be purchased at a pharmacy for a copay that counts towards the donut hole.

True False

18. My Drug plan will fit my needs next year because it fit my needs this year.

True False

19. Medicare Part B drugs are drugs administered by a physician such as chemotherapy and typically cost most Medicare Advantage plan members 20%. True or False?

True False

20. Choosing my Medicare Insurance plans through a local Agency like Alabama Health Guidance can benefit me greatly because I can meet with someone in person and they will be my agent of record to help me fix my Medicare Insurance problems.

True False

Please Submit to Get Your Instant Grade!

Please contact me about the following (choose all that apply):

Setup my Annual Medicare Review‎ Save money on Prescription Drug Costs‎ Low-Income Programs (for people that make less than $1,500/month)‎ General Medicare Questions‎ Nothing, please don't contact me‎