Test your knowledge of Medicare with this short quiz. If one of these answers is surprising to you or if you have additional questions, don't hesitate to get in touch with me.
True or False. Do you have to have Medicare Part A and Medicare Part B to purchase a Medicare Supplement Plan?
True, you have to be enrolled in Medicare Part A & Medicare Part B to purchase a Medicare Supplement Plan.
Does Medicare Supplement Insurance cover prescription drugs?
Generally, No. However, prescriptions administered at physician offices and hospitals are covered under Medicare Part B.
Can you purchase a Medicare Supplement Plan in addition to your employer sponsored plan?
No. If you wish to purchase a Medicare Supplement Plan you must withdraw from your employer plan.
Does Medicare cover dental, vision and hearing?
No, Medicare does not cover dental, vision or hearing.
Will you pay more for your Medicare Supplement Plan if you purchase through an agent or broker?
No, the prices are exactly the same regardless of who you buy through. You will pay the same premium regardless of how you enroll in your plan.
Will you be charged a penalty if you do not purchase a Prescription Drug Plan?
Yes, you will pay a penalty of 1% of the national average for prescription drug plan premiums, per month for every month you do not have one.