Health Insurance Mastery Practice Exam

Which program primarily covers long-term hospitalization expenses?

1. Medicare Part B

2. Medicaid

3. Medicare Part A

4. Private health insurance

The correct answer is: Medicare Part A

The program that primarily covers long-term hospitalization expenses is Medicare Part A. This part of Medicare is designed to help cover the costs associated with inpatient hospital stays, skilled nursing facility care, hospice, and some home health care. This coverage is particularly relevant for patients who require extended medical care in a hospital or a skilled nursing facility following a hospital stay. Medicare Part A is funded through payroll taxes and is a crucial component of Medicare that provides financial assistance for those who need extensive medical services over an extended timeframe. It typically covers costs for hospital stays beyond a certain period, which is essential for patients dealing with serious health conditions that require prolonged care. While Medicaid also provides coverage for long-term care services, it is means-tested and available primarily to individuals with low income and limited resources. Medicare Part B offers outpatient services but does not focus on long-term hospitalization. Private health insurance may cover some hospitalization expenses, but the extent varies widely depending on the specific plan. Hence, Medicare Part A stands out as the primary program for covering long-term hospitalization expenses.