Medicare Assessment

1. Which part of Medicare mainly covers prescription drugs?
- A) Part A
- B) Part B
- C) Part D
- D) Medigap
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Part D helps cover prescription drugs, through private plans that follow Medicare's rules. Part A is hospital insurance and Part B is medical insurance.
Review: Medicare Parts A, B, C and D Explained: What Each Part Covers
1. What do Medicare Advantage plans usually include?
- A) Only Part D
- B) Part A, Part B and usually Part D
- C) Medigap
- D) Only dental
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Medicare.gov says these bundled plans include Part A, Part B and usually Part D.
Review: Medicare Parts A, B, C and D Explained: What Each Part Covers
2. You stop working at 67 and take COBRA. When does your 8-month window to sign up for Part B start?
- A) When COBRA ends
- B) When you stop working or lose job-based coverage
- C) On your 70th birthday
- D) At the next Open Enrollment
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Medicare.gov says the Special Enrollment Period starts when you stop working or lose insurance, even if you choose COBRA.
Review: Still Working at 65: Can You Delay Medicare Part B Without a Penalty?
2. Which coverage generally lets you delay Part B without a penalty?
- A) Retiree coverage
- B) COBRA
- C) Group coverage from your or your spouse's current job
- D) A travel insurance policy
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Group health coverage based on current employment generally qualifies; COBRA and retiree coverage don't.
Review: Still Working at 65: Can You Delay Medicare Part B Without a Penalty?
3. You could have had Part B for 3 full years but didn't, with no Special Enrollment Period. What's the penalty?
- A) None
- B) 10%, for one year
- C) 30%, usually for as long as you have Part B
- D) 3%
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: It's 10% for each full 12-month period you could have signed up, so 3 years means 30%, usually for as long as you have Part B.
Review: Medicare Late Enrollment Penalties: Part A, Part B and Part D Explained
3. How is the Part D late enrollment penalty calculated?
- A) 1% for each month without creditable drug coverage
- B) A flat $50
- C) 10% a month
- D) It doesn't exist
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Medicare.gov says you'll pay an extra 1% for each month, which is 12% a year.
Review: Medicare Late Enrollment Penalties: Part A, Part B and Part D Explained
4. Which is generally true of Original Medicare without supplemental coverage?
- A) It has a yearly out-of-pocket limit
- B) You can use any doctor or hospital that takes Medicare
- C) It includes routine dental
- D) It requires referrals
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Original Medicare lets you use any doctor or hospital that takes Medicare, but has no yearly out-of-pocket limit on its own.
Review: Original Medicare vs. Medicare Advantage: How to Choose
4. What do Medicare Advantage plans usually have that Original Medicare doesn't?
- A) A yearly limit on out-of-pocket costs
- B) Freedom to use any doctor in the U.S.
- C) No premiums ever
- D) Medigap included
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Medicare.gov says Medicare Advantage plans usually include a yearly limit on out-of-pocket costs.
Review: Original Medicare vs. Medicare Advantage: How to Choose
5. How long is the federal Medigap Open Enrollment Period?
- A) 30 days
- B) 6 months, starting when you have Part B and are 65 or older
- C) Each October
- D) There isn't one
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Under federal law, you get a one-time 6-month Medigap Open Enrollment Period.
Review: Medigap vs. Medicare Advantage: What's the Difference, and Can You Switch Later?
5. Outside your Medigap Open Enrollment Period, what can an insurer generally do?
- A) Nothing different
- B) Deny you if you don't meet its medical underwriting requirements
- C) Make you buy Medicare Advantage
- D) Cancel your Part A
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Medicare.gov says that outside this period, an insurer is allowed to deny you a policy based on medical underwriting.
Review: Medigap vs. Medicare Advantage: What's the Difference, and Can You Switch Later?
6. When is Medicare's yearly Open Enrollment Period?
- A) January 1 to March 31
- B) October 15 to December 7
- C) November 1 to January 15
- D) Your birthday month
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Medicare's Open Enrollment runs October 15 to December 7. November 1 to January 15 is the Health Insurance Marketplace's Open Enrollment.
Review: Medicare Open Enrollment (October 15 to December 7): What You Can Change
6. Who can use the January 1 to March 31 Medicare Advantage Open Enrollment Period?
- A) Anyone with Medicare
- B) Only people already in a Medicare Advantage plan
- C) Only people under 65
- D) Only people with Medigap
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Medicare.gov says it's only for people already in a Medicare Advantage plan.
Review: Medicare Open Enrollment (October 15 to December 7): What You Can Change

Educational only: this assessment measures what the course teaches. It says nothing about whether your own insurance is adequate, and it isn’t a professional evaluation of your policy.

Medicare: Final Assessment

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