AD Banker Comprehensive Practice Exam

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Enhance your exam readiness with the AD Banker Comprehensive Exam guide. Includes flashcards and multiple-choice questions with explanations.

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Which part of Medicare requires premium payments by most eligible participants?

  1. Intermediate care

  2. Part A, Hospital Insurance

  3. Custodial care

  4. Part B, Medical Insurance/Outpatient

The correct answer is: Part B, Medical Insurance/Outpatient

Part B of Medicare, which is also known as Medical Insurance or Outpatient Insurance, requires premium payments from most eligible participants. This coverage encompasses a range of services such as doctor visits, outpatient care, preventive services, and some home health care. Unlike Part A, which generally does not require a monthly premium for those who have paid Medicare payroll taxes for a sufficient amount of time, Part B does involve premiums that beneficiaries must pay each month, alongside deductibles and coinsurance for services rendered. This requirement reflects the more extensive coverage options and services that Part B provides, allowing beneficiaries to access necessary medical care without prohibitive costs.

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