INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Medicare is federal life insurance for people under age 65.
|
|
|
Medicare is federal life insurance for people over age 65.
|
|
|
Medicare is federal health insurance for people over age 65.
|
|
|
Medicare is federal health insurance for people under age 65.
|
Detailed explanation-1: -Medicare is a Federal health insurance program for people 65 years or older, certain people with disabilities, and people with end-stage renal disease (ESRD). When you first enroll in Medicare, you’ll have Original Medicare, unless you make another choice.
Detailed explanation-2: -Medicare is the best health insurance option for seniors and retirees. For those age 65 and older or who have a qualifying disability, the Medicare program will be the cheapest health insurance with the best benefits. When you were working, you paid into the Medicare program via a Medicare tax on income.
Detailed explanation-3: -The Public Health Service Act (PHS Act) section 2791(d)(8)(C) defines the term “Non-Federal governmental plan” as a governmental plan that is not a Federal governmental plan. Some examples of non-Federal governmental plans are plans that are sponsored by states, counties, school districts, and municipalities.