Florida Life and Health Insurance License Practice Test 2025 - Free Insurance Practice Questions and Study Guide

Question: 1 / 400

Which type of coverage is provided by "Part D" of Medicare?

Comprehensive health coverage

Prescription drug coverage

Part D of Medicare specifically provides prescription drug coverage. This program was introduced in 2003 to help Medicare beneficiaries afford their medications. It is designed to cover a portion of the costs for prescription drugs, allowing seniors and certain disabled individuals to gain access to necessary medications at a more manageable cost.

Part D plans are offered by insurance companies and other private companies that have been approved by Medicare. Beneficiaries can choose a plan that suits their needs, which typically includes a formulary, or list of covered drugs, as well as specific rules about which medications are covered and at what cost.

Understanding the role of Part D is critical for individuals navigating Medicare options since having coverage for prescription drugs is often a significant concern for older adults and those with chronic health conditions.

Get further explanation with Examzify DeepDiveBeta

Long-term care assistance

Vision and dental insurance

Next Question

Report this question

Download Florida Life and Health Insurance License Practice Test PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy