Finance

Which of the following statements about the characteristics of social

Which of the following statements about the characteristics of social insurance programs is true? A) They are designed to provide a floor of income with respect to the risks that are covered. B) Social insurance benefits payments are unrelated to income. C) Participants are required to satisfy a means test to receive benefits. D) With […]

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Date: September 19th, 2020

Which of the following statements about the role of physicians with re

Which of the following statements about the role of physicians with respect to Medicare claims is (are) true? I. Physicians who do not accept an assignment of Medicare claims can charge as much as 200 percent of the Medicare-approved fee. II. Physicians who accept assignment agree to accept the Medicare-approved amount as payment in full. […]

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Date: September 19th, 2020

Which of the following expenses is covered under the medical insurance

Which of the following expenses is covered under the medical insurance (Part B) portion of the Medicare program? A) long-term care in a skilled nursing facility B) the fee charged by a surgeon for an operation C) the cost of a semi-private room during a hospital stay D) routine prescription drugs outside of the hospital […]

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Date: September 19th, 2020

Which of the following statements about the full retirement age under

Which of the following statements about the full retirement age under the Social Security program is true? A) The current retirement age for full benefits is age 62. B) Beginning in the year 2025, the retirement age will be gradually increased to age 75. C) Early retirement with reduced benefits is allowed as early as […]

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Date: September 19th, 2020

All of the following persons are eligible for a benefit under the reti

All of the following persons are eligible for a benefit under the retirement portion of the Social Security program EXCEPT A) a divorced spouse, age 55, who was married to the retired worker for 6 years. B) a retired worker’s 63 year-old spouse who is no longer caring for children. C) a retired worker’s 52 […]

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Date: September 19th, 2020