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Insurance · Medicare, Medicaid, and ACA

What is Medicare, and who is it primarily designed to cover?

Correct answer

A federal health insurance program primarily for people age 65 and older, and for certain younger people with disabilities or end-stage renal disease

  1. A A program only for low-income individuals
  2. B A federal health insurance program primarily for people age 65 and older, and for certain younger people with disabilities or end-stage renal disease
  3. C A private employer plan
  4. D A program only for children

Why this is the answer

Medicare is a federal health insurance program primarily for people age 65 and older, and also for certain younger individuals with qualifying disabilities or end-stage renal disease. It has parts: Part A (hospital insurance), Part B (medical insurance for physician and outpatient services), Part C (Medicare Advantage, private plans that bundle benefits), and Part D (prescription drug coverage). Medicare is distinct from Medicaid, which is a joint federal-state program for low-income individuals. Understanding what Medicare is, whom it covers, and its basic parts is standard government-programs content on the health insurance exam.
Source: NAIC Model Outline, Medicare

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