Anthem - Tools for Compliant Selling/100% ACCURATE

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What do we require for you to be considered qualified or "ready to sell?" - ANS -All of the above Which of these statements is/are true about the Medicare Access and CHIP Reauthorization Act of 201... 5 (MACRA) and its impact on Medigap plans effective 2020? - ANS -All of the above statements are true Different formulary tiers require different copayments or may be subject to deductible or even coinsurance. However, member cost sharing amounts may differ depending upon eligibility for Low Income Subsidy. - ANS -True Enrollment into a Medicare Supplement plan will not cause an automatic disenrollment from a Medicare Advantage Plan. - ANS -True Beneficiaries do not need to pay their monthly Medicare Part B premium if they pay the premium for a Medicare Supplement plan - ANS -False Plans sold before an agent has completed the necessary licensing, appointment and certification will not be eligible for commission payments. - ANS -True Formularies may change from year to year, so it is important to confirm coverage and copayments each plan year. - ANS -True For a beneficiary who enrolled in an MA-only plan during the Annual Election Period, the beneficiary will not be able to enroll in a plan that offers prescription drug coverage until the following Annual Election Period. EXCEPTION: The beneficiary chooses to use their one-time election during the Open Enrollment Period or qualifies for a Special Election Period. - ANS -True If you are meeting with an existing member about their plan needs for the coming year, you may want to review their ANOC letter. Reviewing this information with your clients, will help them decide whether or not they may need to change plans based upon their needs. ANOC stands for: - ANS -Annual Notice of Changes Medicare Supplement (or Medigap) plans allow members to visit any Medicare-approved doctor, specialist or hospital with no referrals required. - ANS -True The Summary of Benefits will list: - ANS -All of the above Explain your role as an agent that you are a representative of Medicare. - ANS -False A formulary is a list of drugs covered by a plan. - ANS -True [Show More]

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