1. Which of the following statements concerning Medicare prescription drug coverage is correct? A. It is...

1. Which of the following statements concerning Medicare prescription drug coverage is correct?

A. It is a voluntary plan with a monthly premium that may be waived for persons with very low incomes.

B. It eliminates the need for formularies by covering all prescription drugs.

C. It has a $1,000 annual deductible, after which all drug costs are paid in full.

D. It prohibits employers from providing prescription drug benefits to retirees.

2. An organization that has not gained approval to place insurance business from a department of insurance in the jurisdiction where it or a producer wants to sell insurance is known as an

A. alien insurer

B. unregistered party

C. unapproved firm

D. unauthorized entity

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Expert Solution

Rahul Sunny answered 1 year ago

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