Question

Which of the following are true about Medicare Part B :

1. Premiums may be higher than the standard premium depending on an individual's income
2. Usually does not cover prescription drugs or dental care
3. Has annual deductible and coinsurance cost -sharing provisions
4. Election to participate must be made during the initial enrollment period , the 7 months that begin 3 months before turning 65 , and ends 3 months after turning 65 and no time thereafter , regardless of any other coverage
A. 1, 2, and 3
B. 1, 2, 3, and 4
C. 1 only
D. 1 and 2

Answer 1

True statements about Medicare Part B include that premiums can be higher based on income, it usually does not cover prescription drugs or dental care, and it has an annual deductible and coinsurance. However, the election to enrol in Part B can occur outside the initial enrolment period, making option A the correct choice.

Step-by-step explanation:

When considering the aspects of Medicare Part B, several statements about its coverage and costs are presented. First, it's accurate that premiums may be higher than the standard premium depending on an individual's income. Second, Medicare Part B usually does not cover prescription drugs or dental care, which aligns with historical critiques of Medicare's initial coverage limitations. Third, Part B indeed includes an annual deductible and coinsurance cost-sharing provisions. Lastly, while there is an initial enrolment period surrounding a person's 65th birthday, opportunities for enrolment do extend beyond this point, including general enrolment periods and special enrolment circumstances for those who have other types of health coverage.

Therefore, the correct answer to the question regarding which statements about Medicare Part B are true is option A, which includes statements 1, 2, and 3. Election to participate in Medicare Part B does not solely rest within the initial enrollment period as suggested in statement 4; thus, this statement is not accurate.