Which of the Following Statements Is True with Regard to the Medicare

question 34

Multiple Choice

Which of the following statements is true with regard to the Medicare program?

• A)While Social Security old-age benefits are available at age 62,Medicare Part A benefits are not available,in most cases,until age 65.
• B)If an individual delays collecting Social Security retirement benefits until after the full retirement age,he or she is not eligible for Medicare benefits until he or she begins to collect retirement benefits.
• C)Part B of Medicare is funded through a payroll tax.
• D)Beneficiaries must pay a monthly premium for Medicare Part A coverage.

Identify the proper filing and documentation procedures for vouchers.

Analyze the impact of the voucher system on internal control and cash management.

Record journal entries for transactions using the voucher system, including payments and purchases.

Recognize the significance of separation of duties in enhancing the effectiveness of a voucher system.