Ahip (Medicare) 2024 |25 Questions| With Correct Answers.

Mr. Wu is eligible for Medicare. He has limited financial resources but failed to qualify for the Part D low-income subsidy. Where might he turn for help with his prescription drug costs? a.Mr. Wu may still qualify for help in paying Part D costs through his State Pharmaceutical Assistance Program. b.Mr. Wu may still qualify for help in paying for Part D costs through the Federal Pharmaceutical Assistance Program. c.Mr. Wu may still qualify for help in paying for Part D costs through the local Office of the Aging. d.Mr. Wu has no alternative but to liquidate his remaining assets and apply for coverage through his state's Medicaid program. {Ans: } AMr. Diaz continued working with his company and was insured under his employer's group plan until he reached age 68. He has heard that there is a premium penalty for those who did not sign up for Part B when first eligible and wants to know how much he will have to pay. What should you tell him? a.Mr. Diaz will not pay any penalty because he had continuous coverage under his employer's plan. b.During the first year, he is covered under Part B, his premiums will be 10%