Healthcare Economics Quiz: Test!

1. ACA's major impact on the health of older adults.

Expanded the donut hole

Lowered the age for Social Security

Expanded Access to preventative care

Made it possible for all people under 28 to be eligible for Medigap

It tightened the donut hole, had no effect on social security age, and i completely made up the last answer.

Explanation

It tightened the donut hole, had no effect on social security age, and i completely made up the last answer.

2. How long is the enrollment period for Medicare?

6 months after turning 65

6 months before turning 65

3 months before turning 65, 3 months after turning 65

3 months after turning 65

The enrollment period for Medicare is 3 months before turning 65 and 3 months after turning 65. This allows individuals to sign up for Medicare coverage during a 7-month window surrounding their 65th birthday. It is important to enroll during this period to avoid any penalties or gaps in coverage.

Explanation

The enrollment period for Medicare is 3 months before turning 65 and 3 months after turning 65. This allows individuals to sign up for Medicare coverage during a 7-month window surrounding their 65th birthday. It is important to enroll during this period to avoid any penalties or gaps in coverage.

3. What is not true regarding Medicaid?

Can have both medicaid and medicare

Must be poverty level (29700$ for family of 4)

Must be 3 years in the US

Must have US citizenship

Must be 5 years in the US.

Explanation

Must be 5 years in the US.

4. What is true of Medicare part D?

Premium rates are the same for each company

There is no coverage for drug costs between 2931-4699$

During donut hole period, ANA discount 14% brand name drugs and 50% generic drugs

There is no deductable

Premium rates VARY for every company During the donut hole period, ANA discount 50% for Brand names, and 14% generic The deductible is 320$.

Explanation

Premium rates VARY for every company During the donut hole period, ANA discount 50% for Brand names, and 14% generic The deductible is 320$.

5. Match the following:

Medicare B

Medicare A

Medicare C

Medicare D

Submit

6. What is health equity?

Care, control, custody of personal and financial affairs

Met when no one is disadvantaged

Explains the differences between health outcomes of different groups of people

Means that minorities are less likely to be screened

Health equity refers to a situation where no one is disadvantaged in terms of their health. It means that there are no disparities or differences in health outcomes between different groups of people. In other words, health equity is achieved when everyone has an equal opportunity to attain good health, regardless of their race, ethnicity, socioeconomic status, or other factors. This concept emphasizes the importance of addressing and eliminating health disparities to ensure that everyone has the same chance to live a healthy life.

Explanation

Health equity refers to a situation where no one is disadvantaged in terms of their health. It means that there are no disparities or differences in health outcomes between different groups of people. In other words, health equity is achieved when everyone has an equal opportunity to attain good health, regardless of their race, ethnicity, socioeconomic status, or other factors. This concept emphasizes the importance of addressing and eliminating health disparities to ensure that everyone has the same chance to live a healthy life.

7. No coverage for acute care under Medicare part A after ___________

1156$ for first 60 days 298$/day for 60-90 days No coverage after 90 days.

Explanation

1156$ for first 60 days 298$/day for 60-90 days No coverage after 90 days.

Submit

8. A person's capacity and a person's competence are two different things.

True

False

The statement is false because a person's capacity and competence are not two different things. Capacity refers to an individual's potential or ability to do something, while competence refers to their actual skill or knowledge in performing that task. In other words, capacity is the inherent capability, whereas competence is the demonstrated ability.

Explanation

The statement is false because a person's capacity and competence are not two different things. Capacity refers to an individual's potential or ability to do something, while competence refers to their actual skill or knowledge in performing that task. In other words, capacity is the inherent capability, whereas competence is the demonstrated ability.

9. Match the following:

General Power of attourney

Gaurdian

Conservator

Durable Power of attourney

Submit

10. What is true of social security?

For Low income families

Benefits 65+

Pay as you go system and pooled

Provides Gifts food and shelter

Calculated by salary in 35 years of working

Helps those who were in the agriculture business

Supplemental Security Income is for Low-income families, provides gifts, food, and shelter, and helps those who were in the agriculture business who don't get taxes taken out of paychecks.

Explanation

Supplemental Security Income is for Low-income families, provides gifts, food, and shelter, and helps those who were in the agriculture business who don't get taxes taken out of paychecks.

Submit

11. What is true for veterans' health benefits?

Must be service connected for payment

Less than 80,000 a year including home and vehicles

War time veteran with at least 1 day during wartime

Must have a conservator over finances

Less than 80,000 a year EXCLUDING home and vehicles A conservator makes no difference.

Explanation

Less than 80,000 a year EXCLUDING home and vehicles A conservator makes no difference.

Submit

12. Match the following:

PPO