Medicare: Questions And Answers

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1) Medicare was established by Congress in 1966 to provide financial assistance with medical expenses to: a) people over 65 b) people with ESRD c) people under 65 with disabilities d) all of the above 2) Medicare requires its beneficiaries to pay premiums, deductibles, and coinsurance, which is referred to as: a) Medigap b) taxation c) cost sharing d) allowable charges 3) Medicare Part A, the hospital insurance part of Medicare, is funded through: a) taxes withheld from employees’ wages b) taxes paid by employers c) state funds d) both a and b 4) Coverage requirements under Medicare state that in order for a service to be covered, it must be considered: a) proper and timely b) reasonable

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