Title: Closed captions not displaying (Vimeo video)

Before you begin...

In each chapter’s lecture, you will find Knowledge Check quiz questions. These are practice questions to test your understanding of the material you just learned.  You can take the quiz questions multiple times for practice; and even go back before exams to refresh your memory.

At the end of the video, a results screen will appear*. Click the 'Submit Answers' button to save your participation score.

*Note that if the results screen does not automatically appear at the end of the video, you can get to it by clicking the star icon (★) on the playbar.

After you have read the instructions, click anywhere on the video to continue watching.

Student Acknowledgement

Knowledge Check 7-1

Q: Which of the following statements about Medicare is true?
- Medicare is a leader in innovation (correct)
- Medicare makes up a larger share of the federal budget than Social Security
- Medicare funds are expected to be solvent until 2024
- Individuals who are eligible for Medicare cannot be eligible for Medicaid

Q: True or False:  More than 20 percent of Medicare beneficiaries have 5 or more chronic conditions, cognitive or mental impairment, functional limitations, and low-income.
- True (correct)
- False

Q: Which of the following services is covered by Medicare?
- Hospice (correct)
- Hearing aids

Q: Which of the following services are covered under Part A?
- Inpatient services (correct)
- Outpatient services
- Managed care
- Prescription drugs

Q: Which of the following services are covered under Part B?
- Outpatient services (correct)
- Inpatient services
- Managed care
- Prescription drugs

Q: Which of the following services are covered under Part C?
- Managed care (correct)
- Inpatient services
- Outpatient services
- Prescription drugs

Q: Which of the following services are covered under Part D?
- Prescription drugs (correct)
- Inpatient services
- Outpatient services
- Managed care

Knowledge Check 7-1

Knowledge Check 7-2

Q: True or False: Over 90 percent of Medicare Advantage beneficiaries are satisfied with their quality of care, their health plans, and their benefits.
- True (correct)
- False

Q: True or False: Most Medicare Advantage enrollees choose to enroll in PPOs, rather than HMOs.
- False (correct)
- True

Q: Which of the following sources of funding is used for Part A?
- Payroll tax (Hospital Insurance Trust Fund) (correct)
- General revenue and premiums
- General revenue, premiums, and state payments

Q: Which of the following sources of funding is used for Part B?
- General revenue and premiums (correct)
- General revenue, premiums, and state payments
- Payroll tax (Hospital Insurance Trust Fund)

Q: Which of the following sources of funding is used for Part D?
- General revenue, premiums, and state payments (correct)
- General revenue and premiums
- Payroll tax (Hospital Insurance Trust Fund)

Q: Which of the following is a source of supplemental coverage for Medicare beneficiaries?
- All of the answers are correct (correct)
- Employer-sponsored retiree health plans
- Medigap policies
- Medicaid

Knowledge Check 7-2

Knowledge Check 7-3

Q: Which of the following organizations oversee contracts with Medicare Advantage private health plans?
- Centers for Medicare and Medicaid Services (CMS) (correct)
- National Committee for Quality Assurance (NCQA)
- URAC
- Accreditation Association for Ambulatory Health Care (AAAHC)

Q: Which of the following statements regarding Medicare Advantage bids is false?
- The benchmark is the minimum amount CMS will pay in the plan’s service area (correct)
- If the bid is higher than the benchmark, enrollees pay the difference via premiums
- If the bid is lower than the benchmark, the savings (or “rebate”) is shared between Medicare and the Medicare Advantage health plan
- All answers are correct.

Q: Which of the following statements regarding Medicare quality stars is false?
- Plans with 2 stars or less are required to pay a Medicare penalty (correct)
- Plans with 3 stars or less for 3 consecutive years may be terminated from Medicare
- Plans with 4 or more stars are eligible for a performance bonus
- Plans with 5 stars may market their health plans year-round

Q: True or False: Medicare’s percentage of the federal budget is expected to decrease.  This may be due to future decreases in enrollment and utilization of services.
- False (correct)
- True

Knowledge Check 7-3

Choose the correct statement.