Under What Circumstances Can a Person Younger Than Age 65

question 16

Multiple Choice

Under what circumstances can a person younger than age 65 access Medicare benefits?

• A) When the patient has end-stage renal disease and permanent disabilities
• B) When the patient has Lou Gehrig's and Parkinson's diseases
• C) When the patient has permanent disabilities and diabetes
• D) When the patient has multiple sclerosis (MS) and polio

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Definitions:

Asset Sales

The process of selling assets of a company, often to generate cash or reduce liabilities.

Trade or Business

This refers to the regular and continuous operation of an activity with the purpose of earning income or profit.

Depreciation

An accounting method of allocating the cost of a tangible or physical asset over its useful life to account for declines in value.

Ordinary Assets

Assets that are held for sale in the ordinary course of a business or are otherwise not capital assets, including inventory and property used in a trade or business.