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7 Cards in this Set
- Front
- Back
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4. Which of the following is most likely to be a condition that will result in the payment of unemployment compensation benefits?
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(D) unemployment that results from adverse economic conditions
The answer is (D). (A), (B), and (C) are incorrect because common reasons for disqualification under unemployment compensation programs include involvement in a labor dispute, voluntarily leaving a job without good cause, and discharge for misconduct. |
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5. Which of the following statements concerning inpatient hospital care under Part A of Medicare is correct?
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(C) There is a lifetime limit on the number of days of treatment in psychiatric hospitals.
The answer is (C). (A) is incorrect because hospital benefits are not subject to an annual deductible. However, there is a benefit period deductible, and it is much higher than $200. (B) is incorrect because benefits are paid in full for only the first 60 days in each benefit period, subject to the initial deductible. (D) is incorrect because Part A pays for hospital services in full for up to 60 days in each benefit period after the deductible has been met. It provides benefits for an additional 30 days subject to a daily patient copayment. There is also a lifetime reserve of 60 additional days, but once these days are used, they are not available for future benefit periods. |
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19. As of this year, Brad, aged 35, has 36 credits of covered employment under the Social Security program. These credits were all earned in the last 40 calendar quarters. What is Brad's insured status under the program?
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A) He is currently, fully, and disability insured.
The answer is (A). Brad meets the criteria for being currently, fully, and disability insured. |
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58. Which of the following statements concerning Medicare Advantage plans is (are) correct? I. They require the insured to have a high-deductible medical expense policy. II. They may provide a higher level of benefits than the original Medicare program.
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(B) II only
The answer is (B). I is incorrect because there is no requirement that enrollees in Medicare Advantage plans must have a high-deductible medical expense policy. |
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67. Which of the following statements concerning financing the Social Security and Medicare programs is (are) correct? I. The tax rate for self-employed persons is equal to the combined tax rate for employees and employers. II. The wage base on which taxes are paid increases quarterly based on changes in the rate of inflation.
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(A) I only
The answer is (A). II is incorrect because the wage base is adjusted annually. |
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82. All the following statements concerning monthly Social Security benefits for family members of a deceased or retired worker are correct EXCEPT
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(C) The 65-year-old spouse of a deceased worker is eligible to receive 75 percent of the worker's PIA.
The answer is (C). The surviving spouse of a deceased worker is eligible to receive 100 percent of the worker's PIA at full retirement age. |
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92. All the following are ways in which Medicare prescription drug plans may differ from the standard benefit structure specified by federal law EXCEPT
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(D) fewer benefits in the coverage gap
the answer is (D). The standard benefit structure does not provide benefits in the coverage gap, but some plans that provide more comprehensive benefits may provide such benefits. |
