Florida Life and Health Insurance License Practice Test

If a retiree on Medicare required five hospital stays in one year, which policy would provide the best insurance for excess hospital expenses?

1. Medicare Part A

2. Medicare Part B

3. Medicare Supplement

4. Long-Term Care Insurance

The correct answer is: Medicare Supplement

Medicare Supplement would provide the best insurance for excess hospital expenses for a retiree on Medicare with five hospital stays in one year. Medicare Part A only covers inpatient hospital care and has deductibles and coinsurance. Medicare Part B also has deductibles and coinsurance, and only covers outpatient medical services. Long-Term Care Insurance is for long-term care needs, not for hospital expenses. Medicare Supplement, also known as Medigap, is designed to fill the coverage gaps in Medicare, including deductibles, coinsurance, and excess charges. Therefore, it would provide the most comprehensive coverage for a retiree who requires multiple hospital stays in one year.