Which of the Following Statements Is Correct Concerning Medicare Advantage

question 11

Multiple Choice

Which of the following statements is correct concerning Medicare Advantage plans?

• A)They are plans which can be purchased in addition to traditional Medicare for greater coverage.
• B)They are a substitute for the traditional Medicare program.
• C)They are funded under the Affordable Care Act to improve availability of healthcare insurance.
• D)They are available to persons who would not otherwise qualify for Medicare.

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Definitions:

Televisions

Electronic devices designed for the reception and display of audiovisual content transmitted over airwaves or through cable systems.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, enabling more efficient trade.

Opportunity Cost

Forgoing potential profits from various options by deciding on a specific alternative.

Coffee

A beverage made from roasted and ground seeds of the coffee plant, known for its stimulating effect due to caffeine content.