All Are True Statements About Medicare Part D Except That

question 7

Multiple Choice

All are true statements about Medicare Part D except that:

• A) it is an elective prescription drug plan with associated out-of-pocket premiums and co-payments.
• B) all persons with either Medicare Part A or B can voluntarily purchase a Medicare Part D prescription drug plan.
• C) it covers all costs of drugs after a deductible is paid.
• D) the plan is not voluntary for individuals who are eligible for Medicaid and Medicare.

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Definitions:

Retained Profits

Earnings not distributed to shareholders and held back by the company for reinvestment or to pay off debt.

Ultimate Parent

The highest level or top company in a corporate structure, which holds control over all subsidiary companies within the group.

Corporate Groups

A collection of parent and subsidiary companies that function as a single economic entity through a common source of control.